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

American Homes 4 Rent (NYSE:AMH) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.760-1.780 for the period, compared to the consensus EPS estimate of 1.760. The company issued revenue guidance of -.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock traded down $1.45 during midday trading on Thursday, hitting $35.25. The company’s stock had a trading volume of 4,026,532 shares, compared to its average volume of 2,572,530. American Homes 4 Rent has a 1-year low of $32.08 and a 1-year high of $41.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The company has a 50-day moving average price of $38.81 and a two-hundred day moving average price of $37.28. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.95%. American Homes 4 Rent’s payout ratio is 106.12%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMH. Royal Bank of Canada upped 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 research report on Monday, August 5th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective for the company. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Evercore ISI lowered their price target on American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

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.