Wall Street analysts forecast that American Homes 4 Rent (NYSE:AMH) will announce sales of $336.88 million for the current quarter, Zacks reports. Four analysts have issued estimates for American Homes 4 Rent’s earnings. The highest sales estimate is $341.80 million and the lowest is $331.90 million. American Homes 4 Rent reported sales of $310.81 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.4%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 4th.
On average, analysts expect that American Homes 4 Rent will report full-year sales of $1.29 billion for the current fiscal year, with estimates ranging from $1.27 billion to $1.30 billion. For the next year, analysts forecast that the firm will report sales of $1.42 billion, with estimates ranging from $1.32 billion to $1.45 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover American Homes 4 Rent.
American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Wednesday, August 4th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. American Homes 4 Rent had a return on equity of 2.41% and a net margin of 12.45%.
In other American Homes 4 Rent news, COO Bryan Smith sold 1,398 shares of the stock in a transaction on Friday, August 27th. The stock was sold at an average price of $40.75, for a total transaction of $56,968.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anita Marie Mayala-Mcintyre bought 1,230 shares of American Homes 4 Rent stock in a transaction dated Tuesday, September 14th. The stock was acquired at an average cost of $40.68 per share, for a total transaction of $50,036.40. The disclosure for this purchase can be found here. Insiders have sold a total of 37,000 shares of company stock worth $1,453,955 in the last three months. 6.61% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its holdings in American Homes 4 Rent by 17.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 678,807 shares of the real estate investment trust’s stock worth $26,372,000 after acquiring an additional 98,744 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of American Homes 4 Rent during the second quarter worth approximately $740,000. Morgan Stanley lifted its stake in American Homes 4 Rent by 264.5% in the second quarter. Morgan Stanley now owns 876,656 shares of the real estate investment trust’s stock valued at $34,057,000 after buying an additional 636,134 shares during the period. Walleye Capital LLC acquired a new position in American Homes 4 Rent in the second quarter valued at about $5,378,000. Finally, Adelante Capital Management LLC lifted its stake in American Homes 4 Rent by 21.3% in the second quarter. Adelante Capital Management LLC now owns 943,534 shares of the real estate investment trust’s stock valued at $36,656,000 after buying an additional 165,903 shares during the period. 85.57% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:AMH traded up $0.05 on Friday, reaching $39.58. The stock had a trading volume of 64,430 shares, compared to its average volume of 1,745,586. American Homes 4 Rent has a 12-month low of $26.96 and a 12-month high of $42.61. The firm’s fifty day moving average is $41.31 and its two-hundred day moving average is $37.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 127.52, a P/E/G ratio of 1.96 and a beta of 0.50.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Tuesday, September 14th. American Homes 4 Rent’s payout ratio is presently 34.48%.
About American Homes 4 Rent
American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating single-family home as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Calabasas, CA.
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