Analysts expect American Homes 4 Rent (NYSE:AMH) to post $271.54 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for American Homes 4 Rent’s earnings. The lowest sales estimate is $268.07 million and the highest is $274.06 million. American Homes 4 Rent posted sales of $246.84 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The business is expected to announce its next earnings report on Thursday, November 1st.

On average, analysts expect that American Homes 4 Rent will report full year sales of $1.06 billion for the current year, with estimates ranging from $1.05 billion to $1.07 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.13 billion, with estimates ranging from $1.08 billion to $1.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The firm had revenue of $264.48 million for the quarter, compared to analysts’ expectations of $257.89 million. American Homes 4 Rent had a net margin of 10.20% and a return on equity of 1.76%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Morgan Stanley decreased their price objective on shares of American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating on the stock in a research note on Thursday, June 14th. Mizuho set a $25.00 price objective on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research note on Friday, August 3rd. ValuEngine raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Finally, Wells Fargo & Co upped their price objective on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 28th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $24.50.

In other news, Director Stephanie G. Heim sold 25,100 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $23.00, for a total transaction of $577,300.00. Following the transaction, the director now directly owns 62,876 shares in the company, valued at $1,446,148. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tamara Hughes Gustavson bought 217,000 shares of American Homes 4 Rent stock in a transaction dated Wednesday, September 5th. The shares were bought at an average price of $22.93 per share, for a total transaction of $4,975,810.00. The disclosure for this purchase can be found here. Insiders have sold 150,000 shares of company stock worth $3,450,000 over the last quarter. 26.52% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted its position in shares of American Homes 4 Rent by 4.1% during the second quarter. Northern Trust Corp now owns 2,678,265 shares of the real estate investment trust’s stock worth $59,405,000 after purchasing an additional 106,297 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in American Homes 4 Rent by 8.9% in the second quarter. Bank of New York Mellon Corp now owns 2,488,697 shares of the real estate investment trust’s stock valued at $55,198,000 after buying an additional 203,147 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in American Homes 4 Rent by 2.9% in the second quarter. Public Employees Retirement System of Ohio now owns 411,918 shares of the real estate investment trust’s stock valued at $9,136,000 after buying an additional 11,785 shares during the period. California Public Employees Retirement System lifted its holdings in American Homes 4 Rent by 18.7% in the second quarter. California Public Employees Retirement System now owns 615,209 shares of the real estate investment trust’s stock valued at $13,645,000 after buying an additional 96,806 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in American Homes 4 Rent in the second quarter valued at approximately $123,000. Institutional investors own 89.13% of the company’s stock.

American Homes 4 Rent stock traded down $0.32 during trading hours on Friday, hitting $21.98. 72,719 shares of the stock were exchanged, compared to its average volume of 1,974,103. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.54 and a beta of 0.57. American Homes 4 Rent has a 12 month low of $18.39 and a 12 month high of $23.34.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. American Homes 4 Rent’s payout ratio is 19.61%.

About American Homes 4 Rent

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

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