Zacks: Brokerages Expect American Homes 4 Rent (AMH) Will Announce Quarterly Sales of $271.54 Million

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Equities research analysts predict that American Homes 4 Rent (NYSE:AMH) will report $271.54 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for American Homes 4 Rent’s earnings, with the highest sales estimate coming in at $274.06 million and the lowest estimate coming in at $268.07 million. American Homes 4 Rent reported sales of $246.84 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The business is expected to issue its next earnings results after the market closes on Thursday, November 1st.

According to Zacks, analysts expect that American Homes 4 Rent will report full year sales of $1.06 billion for the current year, with estimates ranging from $1.05 billion to $1.07 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.13 billion, with estimates ranging from $1.08 billion to $1.17 billion. Zacks’ sales 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 released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.27. American Homes 4 Rent had a net margin of 10.20% and a return on equity of 1.76%. The company had revenue of $264.48 million during the quarter, compared to the consensus estimate of $257.89 million. During the same period in the prior year, the firm earned $0.26 earnings per share. American Homes 4 Rent’s revenue was up 11.6% on a year-over-year basis.

A number of equities research analysts have weighed in on the stock. Wells Fargo & Co upped their price objective on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the stock a “market perform” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Mizuho set a $25.00 price objective on shares of American Homes 4 Rent and gave the stock a “buy” rating in a report on Friday, August 3rd. Finally, Zelman & Associates cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. American Homes 4 Rent has an average rating of “Buy” and a consensus target price of $24.33.

In other news, insider Sara H. Vogt-Lowell sold 100,000 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $23.00, for a total transaction of $2,300,000.00. Following the sale, the insider now owns 86,790 shares in the company, valued at $1,996,170. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas N. Benham purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, October 10th. The shares were purchased at an average price of $23.73 per share, for a total transaction of $47,460.00. Following the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $189,840. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 150,000 shares of company stock worth $3,450,000. Corporate insiders own 26.52% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of American Homes 4 Rent by 4.4% during the second quarter. BlackRock Inc. now owns 19,213,045 shares of the real estate investment trust’s stock valued at $426,146,000 after buying an additional 812,581 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in shares of American Homes 4 Rent by 16.1% during the second quarter. Centersquare Investment Management LLC now owns 9,407,763 shares of the real estate investment trust’s stock valued at $208,664,000 after buying an additional 1,303,923 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of American Homes 4 Rent by 42.0% during the first quarter. Principal Financial Group Inc. now owns 6,111,266 shares of the real estate investment trust’s stock valued at $122,715,000 after buying an additional 1,808,597 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of American Homes 4 Rent by 7.5% during the second quarter. Burgundy Asset Management Ltd. now owns 4,514,020 shares of the real estate investment trust’s stock valued at $100,121,000 after buying an additional 315,539 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of American Homes 4 Rent by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,881,359 shares of the real estate investment trust’s stock valued at $86,090,000 after buying an additional 76,037 shares during the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.

AMH stock traded down $0.06 during trading on Wednesday, reaching $20.21. The company had a trading volume of 2,053,918 shares, compared to its average volume of 2,158,533. The company has a market cap of $6.48 billion, a P/E ratio of 19.81, a PEG ratio of 1.51 and a beta of 0.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.85. American Homes 4 Rent has a 52 week low of $18.39 and a 52 week high of $23.34.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 14th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 19.61%.

American Homes 4 Rent Company Profile

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.

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