American Homes 4 Rent (NYSE:AMH) Announces Earnings Results, Misses Estimates By $0.23 EPS

American Homes 4 Rent (NYSE:AMH) announced its earnings results on Tuesday. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23), Yahoo Finance reports. The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. American Homes 4 Rent updated its FY 2024 guidance to 1.760-1.780 EPS.

American Homes 4 Rent Stock Down 4.0 %

NYSE:AMH traded down $1.45 during mid-day trading on Thursday, reaching $35.25. The stock had a trading volume of 4,026,532 shares, compared to its average volume of 2,572,530. The business’s 50 day moving average is $38.81 and its 200 day moving average is $37.28. American Homes 4 Rent has a fifty-two week low of $32.08 and a fifty-two week high of $41.41. The stock has a market cap of $12.91 billion, a P/E ratio of 35.97, a PEG ratio of 3.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price for the company. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Evercore ISI reduced their price objective on shares of American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday. Mizuho raised their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Company Profile

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.