$0.27 Earnings Per Share Expected for American Homes 4 Rent (AMH) This Quarter
Equities research analysts forecast that American Homes 4 Rent (NYSE:AMH) will post $0.27 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for American Homes 4 Rent’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.25. American Homes 4 Rent posted earnings per share of ($0.01) in the same quarter last year, which would suggest a positive year over year growth rate of 2,800%. The company is expected to announce its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that American Homes 4 Rent will report full-year earnings of $1.03 per share for the current year, with EPS estimates ranging from $1.02 to $1.05. For the next year, analysts anticipate that the firm will report earnings of $1.17 per share, with EPS estimates ranging from $1.15 to $1.19. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for American Homes 4 Rent.
American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $246.80 million during the quarter, compared to analyst estimates of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. American Homes 4 Rent’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS.
In other American Homes 4 Rent news, Director B Wayne Et Al Hughes purchased 101,678 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was acquired at an average price of $21.87 per share, for a total transaction of $2,223,697.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired a total of 1,766,855 shares of company stock valued at $38,597,023 in the last quarter. 27.82% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in American Homes 4 Rent by 5.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 278 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of American Homes 4 Rent by 35.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 1,848 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of American Homes 4 Rent by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 515 shares during the last quarter. QCM Cayman Ltd. bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at about $203,000. Finally, CIBC Asset Management Inc bought a new position in shares of American Homes 4 Rent during the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 88.22% of the company’s stock.
American Homes 4 Rent (NYSE:AMH) traded down $0.27 during trading hours on Friday, hitting $21.32. The stock had a trading volume of 2,897,800 shares, compared to its average volume of 2,031,166. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $6,190.67, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.82 and a beta of 0.68. American Homes 4 Rent has a 52-week low of $19.62 and a 52-week high of $23.98.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd will be paid a $0.05 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. American Homes 4 Rent’s payout ratio is presently -2,000.00%.
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About American Homes 4 Rent
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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