Equities research analysts forecast that American Homes 4 Rent (NYSE:AMH) will report sales of $249.13 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Homes 4 Rent’s earnings, with the lowest sales estimate coming in at $244.00 million and the highest estimate coming in at $254.25 million. American Homes 4 Rent posted sales of $227.56 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The business is expected to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that American Homes 4 Rent will report full year sales of $249.13 million for the current year, with estimates ranging from $956.40 million to $972.25 million. For the next financial year, analysts expect that the company will report sales of $1.06 billion per share, with estimates ranging from $1.01 billion to $1.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The company had revenue of $246.80 million during the quarter, compared to the consensus estimate of $247.96 million. During the same period in the previous year, the firm earned $0.24 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 4.5% on a year-over-year basis.

Several research firms have issued reports on AMH. B. Riley reiterated a “buy” rating on shares of American Homes 4 Rent in a research note on Wednesday, November 1st. JPMorgan Chase & Co. upgraded shares of American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 price objective for the company in a research note on Friday, December 15th. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price on the stock in a research report on Monday, December 4th. Finally, Citigroup started coverage on shares of American Homes 4 Rent in a research report on Friday, October 20th. They set a “buy” rating and a $25.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.22.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes bought 4,550 shares of the stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of $22.00 per share, for a total transaction of $100,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have acquired 1,670,950 shares of company stock valued at $35,816,444. 27.82% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of American Homes 4 Rent by 5.1% during the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 278 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of American Homes 4 Rent by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 515 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in American Homes 4 Rent by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,535 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 1,251 shares in the last quarter. Virtu KCG Holdings LLC grew its position in American Homes 4 Rent by 8.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 17,844 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 1,350 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in American Homes 4 Rent by 8.2% in the 2nd quarter. Prudential Financial Inc. now owns 21,180 shares of the real estate investment trust’s stock valued at $478,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 88.21% of the company’s stock.

American Homes 4 Rent (AMH) traded down $0.03 on Tuesday, reaching $20.90. 1,523,600 shares of the company’s stock traded hands, compared to its average volume of 1,756,920. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40. American Homes 4 Rent has a 12 month low of $20.09 and a 12 month high of $23.98. The stock has a market capitalization of $6,030.00, a P/E ratio of 2,090.00, a P/E/G ratio of 1.54 and a beta of 0.68.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.20 annualized dividend and a yield of 0.96%. American Homes 4 Rent’s payout ratio is 2,000.00%.

ILLEGAL ACTIVITY WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2018/01/09/brokerages-expect-american-homes-4-rent-amh-will-announce-quarterly-sales-of-249-13-million.html.

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.

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.