American Homes 4 Rent (NYSE:AMH) Updates FY 2024 Earnings Guidance

American Homes 4 Rent (NYSE:AMH) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.760-1.780 for the period, compared to the consensus EPS estimate of 1.760. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMH. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Evercore ISI cut their target price on shares of American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. Royal Bank of Canada increased their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Trading Down 2.9 %

Shares of AMH traded down $1.08 during mid-day trading on Wednesday, hitting $36.72. The company had a trading volume of 4,774,387 shares, compared to its average volume of 2,565,606. The business’s 50-day simple moving average is $38.84 and its 200-day simple moving average is $37.28. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a 1-year low of $32.08 and a 1-year high of $41.41. The stock has a market cap of $13.45 billion, a PE ratio of 37.47, a P/E/G ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.83%. American Homes 4 Rent’s payout ratio is 106.12%.

About American Homes 4 Rent

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.