American Homes 4 Rent (NYSE:AMH) Issues FY 2024 Earnings Guidance

American Homes 4 Rent (NYSE:AMH) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.760-1.780 for the period, compared to the consensus EPS estimate of 1.760. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMH. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $36.00 to $42.00 in a research note on Monday, August 26th. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target for the company. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their target price on 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Trading Down 0.8 %

Shares of AMH stock traded down $0.27 on Friday, hitting $34.97. The stock had a trading volume of 1,415,530 shares, compared to its average volume of 2,566,663. The company’s 50 day moving average price is $38.81 and its 200-day moving average price is $37.28. American Homes 4 Rent has a 1 year low of $33.34 and a 1 year high of $41.41. The firm has a market capitalization of $12.82 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.04 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 1.54.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.97%. American Homes 4 Rent’s payout ratio is currently 108.33%.

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.