American Homes 4 Rent (NYSE:AMH) Issues Earnings Results, Misses Estimates By $0.23 EPS

American Homes 4 Rent (NYSE:AMH) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23), Yahoo Finance reports. The business had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. American Homes 4 Rent’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. American Homes 4 Rent updated its FY 2024 guidance to 1.760-1.780 EPS.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $36.72 on Thursday. The company has a market cap of $13.45 billion, a P/E ratio of 37.47, a P/E/G ratio of 3.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a 50-day moving average of $38.84 and a 200-day moving average of $37.28. American Homes 4 Rent has a one year low of $32.08 and a one year high of $41.41.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.83%. American Homes 4 Rent’s payout ratio is 106.12%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AMH shares. Scotiabank reiterated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Mizuho upped their target price 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. 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 note on Monday, September 16th. UBS Group boosted their price target 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. Finally, Evercore ISI reduced their target price on shares of American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.60.

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.