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

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

American Homes 4 Rent Price Performance

AMH traded down $0.43 on Tuesday, hitting $37.82. 2,805,204 shares of the company’s stock traded hands, compared to its average volume of 2,555,038. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 38.59, a P/E/G ratio of 3.10 and a beta of 0.76. The company’s 50 day simple moving average is $38.84 and its 200-day simple moving average is $37.28. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a one year low of $31.51 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same quarter last year, the business posted $0.41 EPS. American Homes 4 Rent’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.75%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

Analyst Ratings Changes

AMH has been the topic of a number of research reports. Scotiabank reaffirmed an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Mizuho raised their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Evercore ISI upped their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada upped their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average target price of $41.67.

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.