American Homes 4 Rent (AMH) to Issue Quarterly Dividend of $0.05 on September 29th
American Homes 4 Rent (NYSE:AMH) announced a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.05 per share by the real estate investment trust on Friday, September 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, September 14th.
American Homes 4 Rent has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American Homes 4 Rent to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 17.1%.
Shares of American Homes 4 Rent (NYSE:AMH) opened at 21.59 on Friday. The stock’s 50 day moving average is $22.53 and its 200-day moving average is $22.76. American Homes 4 Rent has a 52 week low of $19.62 and a 52 week high of $23.98. The firm’s market cap is $5.62 billion.
American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $237 million for the quarter, compared to analysts’ expectations of $236.28 million. American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. American Homes 4 Rent’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. On average, equities analysts predict that American Homes 4 Rent will post $0.05 EPS for the current fiscal year.
In related news, insider Bryan Smith sold 12,432 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $22.40, for a total transaction of $278,476.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.82% of the stock is owned by company insiders.
A hedge fund recently raised its stake in American Homes 4 Rent stock. The Manufacturers Life Insurance Company raised its position in American Homes 4 Rent (NYSE:AMH) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,247 shares of the real estate investment trust’s stock after purchasing an additional 515 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in American Homes 4 Rent were worth $164,000 at the end of the most recent quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.
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AMH has been the subject of several research analyst reports. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. BidaskClub upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Friday, July 14th. Evercore ISI initiated coverage on American Homes 4 Rent in a research report on Monday, June 5th. They issued an “in-line” rating and a $24.50 price objective for the company. Finally, TheStreet upgraded American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. American Homes 4 Rent currently has an average rating of “Hold” and a consensus price target of $24.83.
American Homes 4 Rent Company Profile
American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.
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