American Homes 4 Rent (NYSE:AMH) Expected to Announce Quarterly Sales of $357.22 Million

Equities analysts predict that American Homes 4 Rent (NYSE:AMH – Get Rating) will report sales of $357.22 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for American Homes 4 Rent’s earnings. The lowest sales estimate is $345.87 million and the highest is $365.90 million. American Homes 4 Rent posted sales of $313.65 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.9%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that American Homes 4 Rent will report full year sales of $1.46 billion for the current fiscal year, with estimates ranging from $1.39 billion to $1.51 billion. For the next fiscal year, analysts expect that the business will post sales of $1.64 billion, with estimates ranging from $1.48 billion to $1.73 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. The business had revenue of $356.11 million during the quarter, compared to analyst estimates of $355.76 million. During the same quarter in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year.

AMH has been the subject of several recent research reports. Credit Suisse Group boosted their price target on shares of American Homes 4 Rent from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, April 25th. Jefferies Financial Group started coverage on shares of American Homes 4 Rent in a research report on Wednesday, April 20th. They issued a “buy” rating and a $48.00 price objective on the stock. Mizuho lifted their price objective on shares of American Homes 4 Rent from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, January 25th. BMO Capital Markets started coverage on shares of American Homes 4 Rent in a research report on Thursday, April 14th. They issued an “outperform” rating and a $46.00 price objective on the stock. Finally, B. Riley cut their price objective on shares of American Homes 4 Rent from $47.00 to $43.00 in a research report on Wednesday, May 11th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $45.06.

In other news, Director Tamara Hughes Gustavson bought 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average cost of $35.71 per share, for a total transaction of $7,142,000.00. Following the purchase, the director now directly owns 8,830,956 shares in the company, valued at approximately $315,353,438.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Douglas N. Benham bought 1,275 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The stock was purchased at an average price of $25.41 per share, with a total value of $32,397.75. The disclosure for this purchase can be found here. Insiders bought a total of 201,445 shares of company stock worth $7,180,698 over the last ninety days. Insiders own 6.03% of the company’s stock.

Large investors have recently bought and sold shares of the business. UMB Bank N A MO acquired a new position in American Homes 4 Rent during the first quarter worth $27,000. Evoke Wealth LLC grew its holdings in shares of American Homes 4 Rent by 254.5% during the third quarter. Evoke Wealth LLC now owns 741 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 532 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of American Homes 4 Rent by 292.2% during the third quarter. First Horizon Advisors Inc. now owns 757 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 564 shares in the last quarter. Charter Oak Capital Management LLC purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth $35,000. Finally, Allworth Financial LP purchased a new stake in shares of American Homes 4 Rent during the first quarter worth $32,000. Institutional investors own 88.49% of the company’s stock.

Shares of NYSE:AMH traded down $0.63 during trading hours on Friday, hitting $37.17. The company’s stock had a trading volume of 49,509 shares, compared to its average volume of 3,272,010. American Homes 4 Rent has a 52 week low of $34.79 and a 52 week high of $44.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 80.43, a P/E/G ratio of 3.22 and a beta of 0.58. The firm’s fifty day moving average price is $39.54 and its 200 day moving average price is $40.04.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 153.19%.

American Homes 4 Rent Company Profile (Get Rating)

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

Further Reading