American Homes 4 Rent (AMH) to Release Earnings on Tuesday

American Homes 4 Rent (NYSE:AMH) is set to release its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect American Homes 4 Rent to post earnings of $0.43 per share for the quarter. American Homes 4 Rent has set its FY24 guidance at $1.74-1.78 EPS and its FY 2024 guidance at 1.740-1.780 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share 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 analysts’ expectations of $422.46 million. During the same period last year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts expect American Homes 4 Rent to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

American Homes 4 Rent Trading Down 0.9 %

NYSE AMH opened at $38.27 on Friday. The company’s 50 day moving average price is $38.87 and its 200 day moving average price is $37.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.41. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

Analyst Upgrades and Downgrades

AMH has been the subject of several research analyst reports. Mizuho boosted their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target for the company. Royal Bank of Canada raised their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Scotiabank reaffirmed 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. Finally, JPMorgan Chase & Co. increased their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average price target of $41.67.

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.