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

American Homes 4 Rent (NYSE:AMH) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23), Yahoo Finance reports. The company had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. American Homes 4 Rent updated its FY 2024 guidance to 1.760-1.780 EPS.

American Homes 4 Rent Price Performance

Shares of AMH traded up $0.14 during mid-day trading on Friday, reaching $35.38. The stock had a trading volume of 631,938 shares, compared to its average volume of 2,563,376. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 36.72, a PEG ratio of 3.04 and a beta of 0.76. American Homes 4 Rent has a 12 month low of $33.34 and a 12 month high of $41.41. The business has a fifty day moving average of $38.81 and a 200 day moving average of $37.28. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.54 and a current ratio of 0.58.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.94%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is 108.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI lowered their price target 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. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Scotiabank restated an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Royal Bank of Canada lifted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group began coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.