American Homes 4 Rent (NYSE:AMH) Shares Will Pay Quarterly Dividend of $0.33

American Homes 4 Rent (NYSE:AMH) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.33 per share by the real estate investment trust on Thursday, December 31st. This represents a $1.32 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, December 15th.

American Homes 4 Rent has raised its dividend by an average of 0.4% per year over the last three years and has raised its dividend every year for the last 5 years. American Homes 4 Rent has a payout ratio of 169.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect American Homes 4 Rent to earn $1.99 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 66.3%.

American Homes 4 Rent Stock Down 0.8%

Shares of NYSE AMH opened at $32.51 on Thursday. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.07. The company’s 50-day simple moving average is $31.43 and its 200-day simple moving average is $31.64. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.70. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.32. American Homes 4 Rent had a net margin of 24.17% and a return on equity of 6.07%. The business had revenue of $498.07 million during the quarter, compared to analysts’ expectations of $488.73 million. During the same period in the prior year, the business earned $0.47 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities analysts predict that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.

American Homes 4 Rent Company Profile

American Homes 4 Rent is a real estate investment trust that owns, operates and leases single-family homes in the United States. The company rents homes to individuals and families, offering an alternative to homeownership in its markets. In addition to acquiring existing homes, American Homes 4 Rent develops single-family properties for rental through its build-to-rent program. Its portfolio and operations span multiple regions of the country, including the Southeast, Midwest, Southwest and West.