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

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

Analyst Ratings Changes

Several equities research analysts have issued reports on AMH shares. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. The Goldman Sachs Group started 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 price objective for the company. UBS Group raised their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Mizuho boosted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock traded down $0.27 during mid-day trading on Friday, hitting $34.97. The stock had a trading volume of 1,415,530 shares, compared to its average volume of 2,566,663. The company has a current ratio of 0.58, a quick ratio of 1.54 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $38.81 and its 200 day moving average is $37.28. The firm has a market capitalization of $12.82 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.04 and a beta of 0.76. American Homes 4 Rent has a one year low of $33.34 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. On average, sell-side analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.97%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 108.33%.

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.