American Homes 4 Rent (NYSE:AMH) Issues FY 2021 Earnings Guidance

American Homes 4 Rent (NYSE:AMH) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.240-1.300 for the period. The company issued revenue guidance of -.American Homes 4 Rent also updated its FY21 guidance to $1.24-1.30 EPS.

American Homes 4 Rent stock opened at $39.26 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.45. American Homes 4 Rent has a one year low of $25.90 and a one year high of $39.37. The business’s 50-day moving average price is $36.57. The company has a market capitalization of $12.46 billion, a price-to-earnings ratio of 130.87, a P/E/G ratio of 2.16 and a beta of 0.49.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Wednesday, May 5th. The real estate investment trust reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $312.57 million during the quarter, compared to analysts’ expectations of $308.95 million. American Homes 4 Rent had a net margin of 12.47% and a return on equity of 2.36%. American Homes 4 Rent’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, research analysts expect that American Homes 4 Rent will post 1.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, June 14th. American Homes 4 Rent’s payout ratio is currently 34.48%.

Several research analysts have recently issued reports on the company. TheStreet raised American Homes 4 Rent from a c+ rating to a b- rating in a research note on Monday, March 1st. Morgan Stanley raised their target price on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company an equal weight rating in a research note on Tuesday. B. Riley upped their price target on shares of American Homes 4 Rent from $34.00 to $38.00 and gave the stock a buy rating in a research note on Thursday, April 1st. Zelman & Associates reiterated a hold rating on shares of American Homes 4 Rent in a research note on Monday, May 17th. Finally, Evercore ISI restated a hold rating on shares of American Homes 4 Rent in a research report on Tuesday, May 25th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $34.50.

In other American Homes 4 Rent news, COO Bryan Smith sold 8,078 shares of the business’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $32.43, for a total transaction of $261,969.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder B Wayne Et Al Hughes acquired 54,000 shares of American Homes 4 Rent stock in a transaction on Wednesday, May 12th. The shares were purchased at an average cost of $36.93 per share, with a total value of $1,994,220.00. The disclosure for this purchase can be found here. Insiders sold 292,442 shares of company stock worth $9,509,487 in the last ninety days. 6.61% of the stock is owned by corporate insiders.

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, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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Earnings History and Estimates for American Homes 4 Rent (NYSE:AMH)

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