American Homes 4 Rent (NYSE:AMH) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.06-1.14 for the period. American Homes 4 Rent also updated its FY19 guidance to $1.06-1.14 EPS.

Shares of American Homes 4 Rent stock traded up $0.11 during trading on Thursday, reaching $22.80. The stock had a trading volume of 2,068,623 shares, compared to its average volume of 2,167,094. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.51 and a beta of 0.70. American Homes 4 Rent has a 52 week low of $18.91 and a 52 week high of $23.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.99.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $270.00 million for the quarter, compared to analyst estimates of $269.98 million. American Homes 4 Rent had a return on equity of 1.90% and a net margin of 10.70%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. On average, equities analysts expect that American Homes 4 Rent will post 1.07 EPS for the current year.

AMH has been the topic of a number of research reports. BTIG Research set a $25.00 price target on American Homes 4 Rent and gave the company a buy rating in a report on Monday, November 5th. Zacks Investment Research lowered American Homes 4 Rent from a hold rating to a sell rating in a report on Monday, November 5th. Mizuho lowered American Homes 4 Rent from a buy rating to a neutral rating and cut their price target for the company from $24.00 to $22.00 in a report on Wednesday, November 14th. JPMorgan Chase & Co. cut their price target on American Homes 4 Rent from $26.00 to $25.00 and set an overweight rating on the stock in a report on Wednesday, November 14th. Finally, Morgan Stanley lowered American Homes 4 Rent from an overweight rating to an equal weight rating and cut their price target for the company from $22.50 to $21.00 in a report on Thursday, November 15th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $23.75.

In related news, Director Tamara Hughes Gustavson bought 379,400 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The shares were acquired at an average price of $19.78 per share, for a total transaction of $7,504,532.00. Following the completion of the acquisition, the director now owns 17,920,478 shares of the company’s stock, valued at approximately $354,467,054.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas N. Benham sold 8,000 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $21.72, for a total value of $173,760.00. The disclosure for this sale can be found here. Corporate insiders own 26.52% of the company’s stock.

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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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