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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMH shares. Scotiabank reissued an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price for the company. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $36.00 to $42.00 in a report on Monday, August 26th. Finally, Mizuho raised their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Down 2.9 %

American Homes 4 Rent stock traded down $1.08 during mid-day trading on Wednesday, reaching $36.72. The stock had a trading volume of 4,774,387 shares, compared to its average volume of 2,565,606. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. American Homes 4 Rent has a fifty-two week low of $32.08 and a fifty-two week high of $41.41. The stock’s 50-day simple moving average is $38.84 and its 200-day simple moving average is $37.28. The firm has a market capitalization of $13.45 billion, a PE ratio of 37.47, a price-to-earnings-growth 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the prior year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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