Brokerages predict that American Homes 4 Rent (NYSE:AMH) will post $279.62 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for American Homes 4 Rent’s earnings. The lowest sales estimate is $276.26 million and the highest is $284.09 million. American Homes 4 Rent posted sales of $264.48 million during the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The company is expected to announce its next earnings report after the market closes on Monday, July 29th.
On average, analysts expect that American Homes 4 Rent will report full year sales of $1.13 billion for the current year, with estimates ranging from $1.12 billion to $1.15 billion. For the next financial year, analysts forecast that the firm will report sales of $1.19 billion, with estimates ranging from $1.16 billion to $1.24 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover American Homes 4 Rent.
American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.21). American Homes 4 Rent had a return on equity of 1.98% and a net margin of 10.78%. The firm had revenue of $279.20 million for the quarter, compared to analyst estimates of $275.90 million. During the same quarter last year, the business posted $0.24 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year.
In other American Homes 4 Rent news, EVP Stephanie G. Heim sold 8,380 shares of American Homes 4 Rent stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $24.10, for a total value of $201,958.00. Following the transaction, the executive vice president now owns 66,984 shares in the company, valued at approximately $1,614,314.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David P. Singelyn sold 1,040,000 shares of American Homes 4 Rent stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $23.67, for a total transaction of $24,616,800.00. Following the completion of the transaction, the chief executive officer now owns 100 shares in the company, valued at approximately $2,367. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,334,878 shares of company stock worth $79,376,533. 27.58% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in AMH. JPMorgan Chase & Co. boosted its holdings in shares of American Homes 4 Rent by 35.4% in the 1st quarter. JPMorgan Chase & Co. now owns 14,029,048 shares of the real estate investment trust’s stock valued at $318,739,000 after purchasing an additional 3,671,347 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of American Homes 4 Rent by 66.7% in the 4th quarter. Principal Financial Group Inc. now owns 8,822,797 shares of the real estate investment trust’s stock valued at $175,132,000 after acquiring an additional 3,528,968 shares during the period. Barings LLC purchased a new position in shares of American Homes 4 Rent in the 1st quarter valued at $58,228,000. Norges Bank purchased a new position in shares of American Homes 4 Rent in the 4th quarter valued at $48,993,000. Finally, Lasalle Investment Management Securities LLC raised its stake in shares of American Homes 4 Rent by 64.7% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 5,920,993 shares of the real estate investment trust’s stock valued at $117,532,000 after acquiring an additional 2,325,445 shares during the period. Institutional investors own 87.25% of the company’s stock.
NYSE AMH traded down $0.53 during mid-day trading on Friday, reaching $24.88. 1,367,530 shares of the stock were exchanged, compared to its average volume of 1,621,208. American Homes 4 Rent has a 1-year low of $18.91 and a 1-year high of $26.00. The firm’s fifty day simple moving average is $24.90. The firm has a market capitalization of $7.46 billion, a PE ratio of 23.47, a PEG ratio of 2.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.30 and a quick ratio of 1.30.
The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a $0.05 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 18.87%.
American Homes 4 Rent Company Profile
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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