Brokerages Expect American Homes 4 Rent (AMH) Will Announce Earnings of $0.28 Per Share

Analysts expect that American Homes 4 Rent (NYSE:AMH) will announce $0.28 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for American Homes 4 Rent’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.28. American Homes 4 Rent reported earnings of $0.26 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The firm is expected to announce its next earnings report on Thursday, February 28th.

According to Zacks, analysts expect that American Homes 4 Rent will report full-year earnings of $1.07 per share for the current year, with EPS estimates ranging from $1.06 to $1.08. For the next financial year, analysts anticipate that the business will report earnings of $1.17 per share, with EPS estimates ranging from $1.15 to $1.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.22). American Homes 4 Rent had a net margin of 10.70% and a return on equity of 1.90%. The company had revenue of $280.10 million during the quarter, compared to analyst estimates of $270.24 million. During the same quarter last year, the business posted $0.25 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis.

Several equities analysts have commented on AMH shares. Mizuho set a $25.00 price target on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research note on Friday, August 3rd. Morgan Stanley downgraded shares of American Homes 4 Rent from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $22.50 to $21.00 in a research note on Thursday, November 15th. JPMorgan Chase & Co. dropped their price target on shares of American Homes 4 Rent from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, November 14th. Zacks Investment Research downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, BTIG Research set a $25.00 price target on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. American Homes 4 Rent has an average rating of “Buy” and a consensus target price of $23.83.

In other news, Director B Wayne Et Al Hughes bought 144,137 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average price of $19.71 per share, for a total transaction of $2,840,940.27. Following the completion of the purchase, the director now owns 17,920,478 shares in the company, valued at approximately $353,212,621.38. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tamara Hughes Gustavson bought 379,400 shares of the stock in a transaction that occurred on Friday, November 23rd. The shares were purchased at an average price of $19.78 per share, with a total value of $7,504,532.00. Following the purchase, the director now owns 17,920,478 shares of the company’s stock, valued at approximately $354,467,054.84. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 2,598,479 shares of company stock valued at $52,828,125. Insiders own 27.82% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC grew its stake in shares of American Homes 4 Rent by 33.0% during the third quarter. Clearbridge Investments LLC now owns 6,250,642 shares of the real estate investment trust’s stock worth $136,827,000 after purchasing an additional 1,552,160 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of American Homes 4 Rent by 3.4% during the third quarter. Vanguard Group Inc. now owns 37,392,589 shares of the real estate investment trust’s stock worth $818,524,000 after purchasing an additional 1,212,586 shares in the last quarter. Morgan Stanley grew its stake in shares of American Homes 4 Rent by 9.3% during the third quarter. Morgan Stanley now owns 4,604,179 shares of the real estate investment trust’s stock worth $100,786,000 after purchasing an additional 392,751 shares in the last quarter. Legal & General Group Plc grew its stake in shares of American Homes 4 Rent by 6.3% during the third quarter. Legal & General Group Plc now owns 741,542 shares of the real estate investment trust’s stock worth $16,232,000 after purchasing an additional 43,971 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in shares of American Homes 4 Rent by 3,499.0% during the third quarter. Rehmann Capital Advisory Group now owns 3,743 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 3,639 shares in the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

American Homes 4 Rent stock traded up $0.36 during trading on Friday, hitting $20.83. The company had a trading volume of 1,830,416 shares, compared to its average volume of 2,284,113. American Homes 4 Rent has a 1-year low of $18.39 and a 1-year high of $23.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $6.07 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.52 and a beta of 0.62.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. American Homes 4 Rent’s payout ratio is currently 19.61%.

About American Homes 4 Rent

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, renovating, leasing, and operating attractive, single-family homes as rental properties.

Recommended Story: Bear Market – How and Why They Occur

Get a free copy of the Zacks research report on American Homes 4 Rent (AMH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for American Homes 4 Rent (NYSE:AMH)

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply