Wall Street brokerages predict that American Homes 4 Rent (NYSE:AMH) will post sales of $260.62 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for American Homes 4 Rent’s earnings. The highest sales estimate is $266.94 million and the lowest is $257.73 million. American Homes 4 Rent reported sales of $237.01 million in the same quarter last year, which would indicate a positive year over year growth rate of 10%. The firm is expected to report its next earnings report after the market closes on Thursday, August 2nd.
According to Zacks, analysts expect that American Homes 4 Rent will report full year sales of $1.05 billion for the current financial year, with estimates ranging from $1.04 billion to $1.08 billion. For the next year, analysts anticipate that the firm will report sales of $1.12 billion per share, with estimates ranging from $1.06 billion to $1.16 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for American Homes 4 Rent.
American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $251.72 million. American Homes 4 Rent had a return on equity of 1.56% and a net margin of 9.07%. American Homes 4 Rent’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS.
In related news, Director Douglas N. Benham bought 2,000 shares of the company’s stock in a transaction dated Tuesday, May 29th. The stock was purchased at an average cost of $23.14 per share, with a total value of $46,280.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher Lau sold 105,000 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $20.50, for a total transaction of $2,152,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 913,099 shares of company stock worth $18,385,566. 27.82% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of AMH. Long Pond Capital LP purchased a new stake in shares of American Homes 4 Rent in the 1st quarter worth about $218,345,000. Centersquare Investment Management LLC purchased a new stake in shares of American Homes 4 Rent in the 1st quarter worth about $162,725,000. Ceredex Value Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the 1st quarter worth about $82,532,000. BlackRock Inc. lifted its position in shares of American Homes 4 Rent by 11.2% in the 1st quarter. BlackRock Inc. now owns 18,400,464 shares of the real estate investment trust’s stock worth $369,481,000 after purchasing an additional 1,846,433 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of American Homes 4 Rent by 42.0% in the 1st quarter. Principal Financial Group Inc. now owns 6,111,266 shares of the real estate investment trust’s stock worth $122,715,000 after purchasing an additional 1,808,597 shares during the period. 85.51% of the stock is owned by hedge funds and other institutional investors.
Shares of American Homes 4 Rent traded down $0.21, reaching $22.67, during trading on Tuesday, MarketBeat.com reports. The company had a trading volume of 3,183,899 shares, compared to its average volume of 2,167,814. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.50 and a beta of 0.57. American Homes 4 Rent has a 12 month low of $18.39 and a 12 month high of $23.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.48.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 2nd. Investors of record on Friday, June 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, June 14th. American Homes 4 Rent’s dividend payout ratio is currently 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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