American Homes 4 Rent (NYSE:AMH) Releases FY 2021 Earnings Guidance

American Homes 4 Rent (NYSE:AMH) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.340-$1.380 for the period. The company issued revenue guidance of -.

Shares of NYSE:AMH traded up $0.57 during midday trading on Thursday, hitting $41.15. 993,176 shares of the stock traded hands, compared to its average volume of 1,734,229. The stock has a market capitalization of $13.76 billion, a PE ratio of 117.57, a P/E/G ratio of 2.87 and a beta of 0.54. The business’s 50 day moving average is $39.69 and its two-hundred day moving average is $39.87. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.54. American Homes 4 Rent has a one year low of $28.43 and a one year high of $42.61.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, November 4th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.23). The firm had revenue of $339.56 million for the quarter, compared to the consensus estimate of $333.43 million. American Homes 4 Rent had a net margin of 12.66% and a return on equity of 2.49%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 31st. Investors of record on Wednesday, December 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, December 14th. American Homes 4 Rent’s payout ratio is currently 114.29%.

A number of equities analysts recently issued reports on AMH shares. BTIG Research raised shares of American Homes 4 Rent from a neutral rating to a buy rating and set a $47.00 price target for the company in a research note on Friday, October 22nd. Berenberg Bank downgraded shares of American Homes 4 Rent from a buy rating to a hold rating in a research note on Monday, August 16th. Raymond James raised their target price on shares of American Homes 4 Rent from $44.00 to $47.00 and gave the company a strong-buy rating in a research note on Monday, August 23rd. Morgan Stanley raised their target price on shares of American Homes 4 Rent from $42.50 to $43.50 and gave the company an equal weight rating in a research note on Friday, August 20th. Finally, Wolfe Research raised shares of American Homes 4 Rent from a peer perform rating to an outperform rating in a research note on Monday, August 30th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of $43.28.

In other American Homes 4 Rent news, CFO Christopher Lau sold 7,500 shares of the company’s stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $42.25, for a total transaction of $316,875.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Bryan Smith sold 23,602 shares of the stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $40.75, for a total transaction of $961,781.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,500 shares of company stock valued at $1,335,625. Company insiders own 6.61% of the company’s stock.

A hedge fund recently raised its stake in American Homes 4 Rent stock. Morgan Stanley grew its holdings in American Homes 4 Rent (NYSE:AMH) by 264.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 876,656 shares of the real estate investment trust’s stock after purchasing an additional 636,134 shares during the quarter. Morgan Stanley owned 0.27% of American Homes 4 Rent worth $34,057,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 88.89% of the company’s stock.

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

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