American Homes 4 Rent Declares Quarterly Dividend of $0.26 (NYSE:AMH)

American Homes 4 Rent (NYSE:AMH) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.26 per share by the real estate investment trust on Tuesday, December 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, December 13th.

American Homes 4 Rent has raised its dividend by an average of 63.9% annually over the last three years. American Homes 4 Rent has a payout ratio of 150.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect American Homes 4 Rent to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 55.6%.

American Homes 4 Rent Price Performance

NYSE:AMH traded up $0.58 during mid-day trading on Friday, reaching $37.31. 294,317 shares of the stock were exchanged, compared to its average volume of 2,565,646. The business has a fifty day moving average price of $38.43 and a 200 day moving average price of $37.29. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $13.67 billion, a PE ratio of 38.27, a PEG ratio of 2.92 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter last year, the company earned $0.41 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Research analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on AMH shares. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. UBS Group boosted their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Evercore ISI reduced their price objective on American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Scotiabank reaffirmed an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Finally, The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. One research 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.53.

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.