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

American Homes 4 Rent (NYSE:AMH) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders 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 annualized dividend 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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Trading Up 1.6 %

Shares of American Homes 4 Rent stock traded up $0.58 during trading hours on Friday, hitting $37.31. The company’s stock had a trading volume of 294,317 shares, compared to its average volume of 2,565,646. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The stock has a 50 day moving average of $38.43 and a 200 day moving average of $37.29. The company has a market capitalization of $13.67 billion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 2.92 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

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 (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 business 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 firm’s revenue was up 5.5% compared to the same quarter last year. Analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. UBS Group upped their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Keefe, Bruyette & Woods reduced their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group started coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target on the stock. One investment 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.