American Homes 4 Rent (NYSE:AMH – Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23), Yahoo Finance reports. The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. American Homes 4 Rent updated its FY 2024 guidance to 1.760-1.780 EPS.
American Homes 4 Rent Trading Down 3.0 %
Shares of NYSE:AMH traded down $1.13 during trading hours on Wednesday, hitting $36.67. 2,508,529 shares of the company’s stock traded hands, compared to its average volume of 2,554,816. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The business has a fifty day moving average price of $38.84 and a 200-day moving average price of $37.28. American Homes 4 Rent has a 1 year low of $32.08 and a 1 year high of $41.41. The firm has a market capitalization of $13.43 billion, a P/E ratio of 38.01, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76.
American Homes 4 Rent Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.
Analyst Upgrades and Downgrades
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American Homes 4 Rent Company Profile
AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.
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