American Homes 4 Rent (NYSE:AMH) Posts Quarterly Earnings Results, Misses Estimates By $0.23 EPS

American Homes 4 Rent (NYSE:AMHGet 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

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. UBS Group lifted their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. The Goldman Sachs Group began coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective for the company. Mizuho lifted their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, Evercore ISI lowered their price target on shares of American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

View Our Latest Research Report on American Homes 4 Rent

American Homes 4 Rent Company Profile

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

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