American Homes 4 Rent (NYSE:AMH) Announces Earnings Results, Beats Estimates By $0.32 EPS

American Homes 4 Rent (NYSE:AMH) released its earnings results on Wednesday. The real estate investment trust reported $0.50 EPS for the quarter, topping the consensus estimate of $0.18 by $0.32, Zacks reports. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%. The firm had revenue of $498.07 million during the quarter, compared to analysts’ expectations of $488.73 million. During the same period in the previous year, the firm posted $0.47 EPS. American Homes 4 Rent’s revenue for the quarter was up 4.1% on a year-over-year basis.

American Homes 4 Rent Trading Up 3.5%

Shares of AMH stock traded up $1.11 during trading hours on Wednesday, hitting $32.63. 3,608,167 shares of the company were exchanged, compared to its average volume of 3,212,224. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $35.07. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average of $31.55 and a 200 day moving average of $31.61. The firm has a market cap of $11.77 billion, a PE ratio of 25.90, a PEG ratio of 4.86 and a beta of 0.76.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. American Homes 4 Rent’s dividend payout ratio is currently 104.76%.

Insider Buying and Selling

In other news, Director Jack Corrigan acquired 8,000 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of $21.49 per share, for a total transaction of $171,920.00. Following the acquisition, the director directly owned 25,000 shares in the company, valued at $537,250. This trade represents a 47.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 15,000 shares of company stock worth $328,040 in the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of American Homes 4 Rent from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 14th. Scotiabank decreased their target price on American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. JPMorgan Chase & Co. raised their price objective on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods lifted their target price on American Homes 4 Rent from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company lowered their price objective on American Homes 4 Rent from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus price target of $35.94.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.