American Homes 4 Rent (NYSE:AMH) Expected to Announce Earnings of $0.30 Per Share

Brokerages forecast that American Homes 4 Rent (NYSE:AMH) will post $0.30 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for American Homes 4 Rent’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.29. American Homes 4 Rent posted earnings of $0.27 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The company is scheduled to issue its next quarterly earnings report on Thursday, August 5th.

On average, analysts expect that American Homes 4 Rent will report full-year earnings of $1.28 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.30. For the next year, analysts forecast that the company will post earnings of $1.43 per share, with EPS estimates ranging from $1.36 to $1.48. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Wednesday, May 5th. The real estate investment trust reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. American Homes 4 Rent had a return on equity of 2.36% and a net margin of 12.47%. The business had revenue of $312.57 million during the quarter, compared to the consensus estimate of $308.95 million. During the same period in the prior year, the company earned $0.28 EPS. American Homes 4 Rent’s revenue for the quarter was up 8.8% on a year-over-year basis.

A number of research firms recently issued reports on AMH. Evercore ISI reiterated a “hold” rating on shares of American Homes 4 Rent in a research report on Tuesday, May 25th. Zelman & Associates reiterated a “hold” rating on shares of American Homes 4 Rent in a report on Monday, May 17th. B. Riley raised their price objective on American Homes 4 Rent from $34.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, April 1st. Royal Bank of Canada started coverage on American Homes 4 Rent in a report on Tuesday, March 30th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, Morgan Stanley increased their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $34.50.

In related news, COO Bryan Smith sold 8,078 shares of American Homes 4 Rent stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $32.43, for a total transaction of $261,969.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David P. Singelyn sold 190,000 shares of the company’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $32.52, for a total transaction of $6,178,800.00. The disclosure for this sale can be found here. Insiders have sold 292,442 shares of company stock valued at $9,509,487 over the last 90 days. 6.61% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in AMH. Boston Partners grew its stake in American Homes 4 Rent by 11.3% during the first quarter. Boston Partners now owns 4,018,344 shares of the real estate investment trust’s stock worth $134,000,000 after purchasing an additional 407,903 shares during the period. Treasurer of the State of North Carolina grew its position in shares of American Homes 4 Rent by 5.4% during the 4th quarter. Treasurer of the State of North Carolina now owns 100,314 shares of the real estate investment trust’s stock worth $3,009,000 after buying an additional 5,100 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of American Homes 4 Rent by 2.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 72,243 shares of the real estate investment trust’s stock valued at $2,167,000 after acquiring an additional 1,704 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of American Homes 4 Rent by 8.4% during the 4th quarter. Principal Financial Group Inc. now owns 19,753,156 shares of the real estate investment trust’s stock valued at $592,596,000 after acquiring an additional 1,526,800 shares during the period. Finally, Morgan Stanley boosted its stake in American Homes 4 Rent by 9.8% during the fourth quarter. Morgan Stanley now owns 1,007,592 shares of the real estate investment trust’s stock worth $30,228,000 after acquiring an additional 89,800 shares in the last quarter. 84.50% of the stock is currently owned by institutional investors.

AMH stock opened at $39.26 on Tuesday. The business has a 50-day moving average of $36.57. American Homes 4 Rent has a 12 month low of $25.90 and a 12 month high of $39.37. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $12.46 billion, a PE ratio of 130.87, a P/E/G ratio of 2.16 and a beta of 0.49.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.02%. American Homes 4 Rent’s payout ratio is 34.48%.

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, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

Recommended Story: Stochastic Momentum Index (SMI)

Get a free copy of the Zacks research report on American Homes 4 Rent (AMH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for American Homes 4 Rent (NYSE:AMH)

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.