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 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 -.

Analyst Upgrades and Downgrades

AMH has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target 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. Royal Bank of Canada lifted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. Mizuho upped their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, Scotiabank reissued an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.67.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded down $0.43 during mid-day trading on Tuesday, reaching $37.82. 2,805,204 shares of the stock traded hands, compared to its average volume of 2,555,038. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $38.84 and a 200 day moving average of $37.28. The stock has a market capitalization of $13.85 billion, a PE ratio of 38.59, a PEG ratio of 3.10 and a beta of 0.76. American Homes 4 Rent has a fifty-two week low of $31.51 and a fifty-two week high of $41.41.

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

American Homes 4 Rent Announces Dividend

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

About American Homes 4 Rent

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.