American Homes 4 Rent (NYSE:AMH) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS
American Homes 4 Rent (NYSE:AMH) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.04, Bloomberg Earnings reports. The company had revenue of $237 million during the quarter, compared to analyst estimates of $236.28 million. American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.71%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share.
Shares of American Homes 4 Rent (NYSE:AMH) opened at 22.50 on Friday. The stock’s 50 day moving average price is $22.70 and its 200-day moving average price is $22.72. The firm’s market cap is $5.83 billion. American Homes 4 Rent has a 52-week low of $19.62 and a 52-week high of $23.98.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently -181.82%.
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In related news, insider Bryan Smith sold 12,432 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $22.40, for a total transaction of $278,476.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tamara Hughes Gustavson acquired 462,123 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were acquired at an average price of $22.21 per share, for a total transaction of $10,263,751.83. Following the purchase, the director now owns 13,600,665 shares of the company’s stock, valued at $302,070,769.65. The disclosure for this purchase can be found here. Corporate insiders own 27.82% of the company’s stock.
AMH has been the topic of a number of analyst reports. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. BidaskClub cut American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Mizuho upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price target on the stock in a research note on Monday, July 10th. Evercore ISI initiated coverage on American Homes 4 Rent in a research note on Monday, June 5th. They issued an “in-line” rating and a $24.50 price target on the stock. Finally, FBR & Co restated a “buy” rating on shares of American Homes 4 Rent in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.38.
American Homes 4 Rent Company Profile
American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.
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