Brokerages forecast that American Homes 4 Rent (NYSE:AMH) will announce $260.32 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for American Homes 4 Rent’s earnings. The highest sales estimate is $266.94 million and the lowest is $257.30 million. American Homes 4 Rent reported sales of $237.01 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.8%. The business is scheduled to issue its next earnings report on Thursday, August 2nd.
On average, analysts expect that American Homes 4 Rent will report full-year sales of $1.05 billion for the current fiscal year, with estimates ranging from $1.02 billion to $1.08 billion. For the next financial year, analysts expect that the company will report sales of $1.13 billion per share, with estimates ranging from $1.07 billion to $1.16 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow American Homes 4 Rent.
American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $258.00 million during the quarter, compared to analyst estimates of $251.72 million. American Homes 4 Rent had a return on equity of 1.56% and a net margin of 9.07%. American Homes 4 Rent’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS.
Shares of American Homes 4 Rent traded up $0.08, hitting $21.04, during mid-day trading on Monday, according to Marketbeat.com. The stock had a trading volume of 179,871 shares, compared to its average volume of 2,100,779. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.37 and a beta of 0.58. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. American Homes 4 Rent has a fifty-two week low of $18.39 and a fifty-two week high of $23.23.
American Homes 4 Rent declared that its board has initiated a share buyback plan on Thursday, February 22nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.95%. American Homes 4 Rent’s dividend payout ratio is currently 19.61%.
In related news, Director B Wayne Et Al Hughes acquired 141,100 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, June 7th. The stock was acquired at an average price of $20.70 per share, for a total transaction of $2,920,770.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Christopher Lau sold 105,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $20.50, for a total value of $2,152,500.00. The disclosure for this sale can be found here. Insiders have purchased a total of 913,099 shares of company stock valued at $18,385,566 in the last 90 days. Insiders own 26.52% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. American International Group Inc. acquired a new position in American Homes 4 Rent during the 4th quarter valued at approximately $109,000. WINTON GROUP Ltd bought a new stake in American Homes 4 Rent during the 1st quarter valued at $229,000. Granite Springs Asset Management LLC bought a new stake in American Homes 4 Rent during the 4th quarter valued at $279,000. Virtu Financial LLC bought a new stake in American Homes 4 Rent during the 4th quarter valued at $328,000. Finally, Alps Advisors Inc. bought a new stake in American Homes 4 Rent during the 1st quarter valued at $361,000. Institutional investors and hedge funds own 85.70% of the company’s stock.
About American Homes 4 Rent
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.
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