American Homes 4 Rent (NYSE:AMH) Declares $0.26 Quarterly Dividend

American Homes 4 Rent (NYSE:AMH) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.26 per share by the real estate investment trust on Tuesday, December 31st. This represents a $1.04 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, December 13th.

American Homes 4 Rent has raised its dividend by an average of 63.9% annually over the last three years. American Homes 4 Rent has a payout ratio of 150.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect American Homes 4 Rent to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 55.6%.

American Homes 4 Rent Trading Up 1.7 %

AMH traded up $0.64 during trading on Friday, reaching $37.37. 483,686 shares of the company’s stock were exchanged, compared to its average volume of 2,566,519. The firm has a market capitalization of $13.70 billion, a PE ratio of 38.27, a P/E/G ratio of 2.92 and a beta of 0.77. The company’s fifty day moving average price is $38.43 and its 200-day moving average price is $37.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMH shares. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $36.00 to $42.00 in a research report on Monday, August 26th. JPMorgan Chase & Co. lifted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. 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. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent has an average rating of “Moderate Buy” and an average price target of $41.53.

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.