Zacks: Brokerages Anticipate American Homes 4 Rent (AMH) Will Announce Earnings of $0.27 Per Share

Brokerages predict that American Homes 4 Rent (NYSE:AMH) will announce earnings of $0.27 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for American Homes 4 Rent’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.28. American Homes 4 Rent posted earnings per share of $0.25 in the same quarter last year, which would indicate a positive year-over-year growth rate of 8%. The company is expected to issue its next earnings results after the market closes on Thursday, November 1st.

According to Zacks, analysts expect that American Homes 4 Rent will report full year earnings of $1.08 per share for the current financial year, with EPS estimates ranging from $1.07 to $1.09. For the next financial year, analysts anticipate that the company will report earnings of $1.21 per share, with EPS estimates ranging from $1.18 to $1.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. American Homes 4 Rent had a net margin of 10.20% and a return on equity of 1.76%. The company had revenue of $264.48 million for the quarter, compared to the consensus estimate of $257.89 million. During the same period in the previous year, the firm earned $0.26 earnings per share. American Homes 4 Rent’s quarterly revenue was up 11.6% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, July 23rd. Mizuho set a $25.00 price target on shares of American Homes 4 Rent and gave the company a “buy” rating in a research note on Friday, August 3rd. Wells Fargo & Co boosted their price target on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a research note on Tuesday, August 28th. Morgan Stanley reduced their price target on shares of American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating on the stock in a research note on Thursday, June 14th. Finally, Zelman & Associates downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.33.

In other American Homes 4 Rent news, Director Stephanie G. Heim sold 25,100 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $23.00, for a total transaction of $577,300.00. Following the completion of the transaction, the director now owns 62,876 shares in the company, valued at approximately $1,446,148. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sara H. Vogt-Lowell sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $23.00, for a total transaction of $2,300,000.00. Following the transaction, the insider now owns 86,790 shares of the company’s stock, valued at approximately $1,996,170. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,000 shares of company stock worth $3,450,000. 26.52% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Bank of Australia grew its holdings in American Homes 4 Rent by 42.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,352,840 shares of the real estate investment trust’s stock worth $30,407,000 after acquiring an additional 406,024 shares in the last quarter. Security Capital Research & Management Inc. grew its holdings in American Homes 4 Rent by 95.5% during the 2nd quarter. Security Capital Research & Management Inc. now owns 3,339,970 shares of the real estate investment trust’s stock worth $74,081,000 after acquiring an additional 1,631,925 shares in the last quarter. Employees Retirement System of Texas grew its holdings in American Homes 4 Rent by 14.3% during the 2nd quarter. Employees Retirement System of Texas now owns 383,500 shares of the real estate investment trust’s stock worth $8,506,000 after acquiring an additional 48,000 shares in the last quarter. Investec Asset Management PTY Ltd grew its holdings in American Homes 4 Rent by 19.4% during the 2nd quarter. Investec Asset Management PTY Ltd now owns 49,800 shares of the real estate investment trust’s stock worth $1,105,000 after acquiring an additional 8,100 shares in the last quarter. Finally, Amica Mutual Insurance Co. acquired a new position in shares of American Homes 4 Rent in the 2nd quarter valued at $2,678,000. Institutional investors own 89.13% of the company’s stock.

AMH stock traded up $0.26 during trading on Monday, reaching $21.16. 34,832 shares of the stock were exchanged, compared to its average volume of 2,155,077. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.85. American Homes 4 Rent has a 1 year low of $18.39 and a 1 year high of $23.34. The company has a market capitalization of $6.48 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.51 and a beta of 0.58.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, September 13th. American Homes 4 Rent’s payout ratio is currently 19.61%.

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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