Brokerages Expect American Homes 4 Rent (AMH) Will Announce Quarterly Sales of $260.32 Million

Analysts expect American Homes 4 Rent (NYSE:AMH) to report sales of $260.32 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for American Homes 4 Rent’s earnings. The highest sales estimate is $266.94 million and the lowest is $257.30 million. American Homes 4 Rent reported sales of $237.01 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, August 2nd.

On average, analysts expect that American Homes 4 Rent will report full year sales of $1.05 billion for the current year, with estimates ranging from $1.02 billion to $1.08 billion. For the next fiscal year, analysts expect that the company will report sales of $1.13 billion per share, with estimates ranging from $1.07 billion to $1.16 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). American Homes 4 Rent had a net margin of 9.07% and a return on equity of 1.56%. The business had revenue of $258.00 million for the quarter, compared to analyst estimates of $251.72 million. During the same quarter last year, the business earned $0.26 EPS. American Homes 4 Rent’s revenue for the quarter was up 10.4% compared to the same quarter last year.



A number of brokerages have weighed in on AMH. B. Riley set a $26.00 price objective on American Homes 4 Rent and gave the company a “buy” rating in a research note on Friday, February 23rd. ValuEngine lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. Morgan Stanley decreased their target price on American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating for the company in a research report on Thursday. BTIG Research decreased their target price on American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, February 26th. Finally, Robert W. Baird started coverage on American Homes 4 Rent in a research report on Thursday, March 29th. They issued an “outperform” rating and a $23.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $24.33.

In related news, Director Tamara Hughes Gustavson acquired 507,614 shares of American Homes 4 Rent stock in a transaction that occurred on Friday, May 18th. The stock was acquired at an average price of $19.70 per share, for a total transaction of $9,999,995.80. Following the transaction, the director now directly owns 15,586,898 shares of the company’s stock, valued at approximately $307,061,890.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Christopher Lau sold 105,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $20.50, for a total value of $2,152,500.00. The disclosure for this sale can be found here. In the last quarter, insiders bought 913,099 shares of company stock valued at $18,385,566. Insiders own 26.52% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in AMH. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Homes 4 Rent by 22.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,766 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 3,674 shares during the period. Public Employees Retirement Association of Colorado boosted its position in American Homes 4 Rent by 281.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 28,750 shares of the real estate investment trust’s stock valued at $628,000 after purchasing an additional 21,204 shares during the period. Stephens Inc. AR boosted its position in American Homes 4 Rent by 100.0% during the 4th quarter. Stephens Inc. AR now owns 28,830 shares of the real estate investment trust’s stock valued at $630,000 after purchasing an additional 14,414 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in American Homes 4 Rent by 8.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,479 shares of the real estate investment trust’s stock valued at $784,000 after purchasing an additional 2,800 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in American Homes 4 Rent by 323.3% during the 4th quarter. Teacher Retirement System of Texas now owns 80,950 shares of the real estate investment trust’s stock valued at $1,768,000 after purchasing an additional 61,828 shares during the period. Institutional investors and hedge funds own 85.70% of the company’s stock.

American Homes 4 Rent traded up $0.08, reaching $21.04, during mid-day trading on Monday, according to Marketbeat Ratings. 179,871 shares of the company’s stock traded hands, compared to its average volume of 2,100,779. American Homes 4 Rent has a 1-year low of $18.39 and a 1-year high of $23.23. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The firm has a market cap of $6.19 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.37 and a beta of 0.58.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be given a $0.05 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.95%. American Homes 4 Rent’s payout ratio is 19.61%.

American Homes 4 Rent declared that its Board of Directors has approved a stock repurchase program on Thursday, February 22nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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

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

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