American Homes 4 Rent (NYSE:AMH) Forecasted to Post Q2 2019 Earnings of $0.27 Per Share

American Homes 4 Rent (NYSE:AMH) – Research analysts at B. Riley issued their Q2 2019 earnings per share estimates for American Homes 4 Rent in a note issued to investors on Monday, June 24th, Zacks Investment Research reports. B. Riley analyst A. Rygiel forecasts that the real estate investment trust will post earnings per share of $0.27 for the quarter. B. Riley also issued estimates for American Homes 4 Rent’s Q3 2019 earnings at $0.27 EPS and Q4 2019 earnings at $0.30 EPS.

Other research analysts also recently issued reports about the company. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. BTIG Research set a $27.00 price objective on Invitation Homes and gave the company a “buy” rating in a research note on Tuesday, May 14th. Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Citigroup set a $74.00 target price on Realty Income and gave the company a “hold” rating in a research report on Tuesday, June 11th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. American Homes 4 Rent presently has an average rating of “Buy” and an average price target of $24.50.

AMH traded up $0.01 during midday trading on Wednesday, hitting $25.41. 1,157,854 shares of the company were exchanged, compared to its average volume of 2,011,442. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 2.22 and a beta of 0.61. American Homes 4 Rent has a 1-year low of $18.91 and a 1-year high of $26.00. The business has a 50 day moving average price of $24.85. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.30 and a quick ratio of 1.30.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.21). The company had revenue of $279.20 million for the quarter, compared to analyst estimates of $275.90 million. American Homes 4 Rent had a return on equity of 1.98% and a net margin of 10.78%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Thursday, June 13th. American Homes 4 Rent’s payout ratio is 18.87%.

In other American Homes 4 Rent news, insider Bryan Smith sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $24.81, for a total transaction of $1,240,500.00. Following the completion of the sale, the insider now directly owns 75,054 shares of the company’s stock, valued at approximately $1,862,089.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David P. Singelyn sold 1,040,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $23.67, for a total value of $24,616,800.00. Following the sale, the chief executive officer now directly owns 100 shares of the company’s stock, valued at $2,367. The disclosure for this sale can be found here. Insiders sold a total of 3,334,878 shares of company stock valued at $79,376,533 over the last ninety days. 27.58% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of AMH. Vanguard Group Inc increased its holdings in American Homes 4 Rent by 3.4% during the 3rd quarter. Vanguard Group Inc now owns 37,392,589 shares of the real estate investment trust’s stock worth $818,524,000 after purchasing an additional 1,212,586 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in American Homes 4 Rent by 17.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 85,700 shares of the real estate investment trust’s stock worth $1,701,000 after purchasing an additional 12,800 shares in the last quarter. Eaton Vance Management increased its holdings in American Homes 4 Rent by 1,827.0% during the 4th quarter. Eaton Vance Management now owns 393,206 shares of the real estate investment trust’s stock worth $7,805,000 after purchasing an additional 372,801 shares in the last quarter. LPL Financial LLC increased its holdings in American Homes 4 Rent by 76.3% during the 4th quarter. LPL Financial LLC now owns 50,405 shares of the real estate investment trust’s stock worth $1,001,000 after purchasing an additional 21,820 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in American Homes 4 Rent by 6.2% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,236 shares of the real estate investment trust’s stock worth $891,000 after purchasing an additional 2,655 shares in the last quarter. 87.25% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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