American Homes 4 Rent (NYSE:AMH) Updates FY 2024 Earnings Guidance

American Homes 4 Rent (NYSE:AMH) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.740-1.780 for the period, compared to the consensus earnings per share estimate of 1.740. The company issued revenue guidance of -. American Homes 4 Rent also updated its FY24 guidance to $1.74-1.78 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays lowered their price objective on American Homes 4 Rent from $43.00 to $42.00 and set an overweight rating on the stock in a research report on Wednesday, May 29th. StockNews.com downgraded American Homes 4 Rent from a hold rating to a sell rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company a neutral rating in a research report on Monday, June 17th. Keefe, Bruyette & Woods boosted their price objective on American Homes 4 Rent from $38.00 to $39.00 and gave the company a market perform rating in a research report on Monday, May 13th. Finally, Scotiabank boosted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the stock a sector outperform rating in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $39.57.

American Homes 4 Rent Trading Up 2.5 %

Shares of AMH traded up $0.91 during mid-day trading on Friday, reaching $37.75. 4,077,529 shares of the company’s stock traded hands, compared to its average volume of 2,389,782. The stock has a market cap of $13.83 billion, a P/E ratio of 38.52, a P/E/G ratio of 3.10 and a beta of 0.74. The stock’s 50-day moving average is $36.28 and its two-hundred day moving average is $35.97. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $38.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The business had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.91%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. Research analysts forecast that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.26 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.75%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

Insider Buying and Selling

In other news, Director Douglas N. Benham acquired 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the completion of the purchase, the director now directly owns 37,997 shares in the company, valued at $873,931. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Douglas N. Benham bought 3,500 shares of the stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the completion of the acquisition, the director now directly owns 37,997 shares in the company, valued at $873,931. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack E. Corrigan bought 10,000 shares of the stock in a transaction on Monday, May 6th. The shares were bought at an average price of $22.78 per share, with a total value of $227,800.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $227,800. The disclosure for this purchase can be found here. 6.32% of the stock is owned by insiders.

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.