$0.28 Earnings Per Share Expected for American Homes 4 Rent (AMH) This Quarter

Analysts forecast that American Homes 4 Rent (NYSE:AMH) will announce earnings per share of $0.28 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for American Homes 4 Rent’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.27. American Homes 4 Rent posted earnings of $0.27 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The firm is expected to report its next quarterly earnings report on Thursday, August 1st.

On average, analysts expect that American Homes 4 Rent will report full year earnings of $1.12 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.18. For the next fiscal year, analysts anticipate that the company will post earnings of $1.22 per share, with EPS estimates ranging from $1.19 to $1.24. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.21). American Homes 4 Rent had a net margin of 10.78% and a return on equity of 1.98%. The firm had revenue of $279.20 million during the quarter, compared to analysts’ expectations of $275.90 million. During the same quarter in the prior year, the firm posted $0.24 EPS. American Homes 4 Rent’s quarterly revenue was up 8.2% compared to the same quarter last year.

Several research firms have recently commented on AMH. ValuEngine upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Mizuho upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, February 26th. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Finally, Wells Fargo & Co restated a “hold” rating on shares of American Homes 4 Rent in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $23.83.

In other news, insider David Goldberg sold 74,586 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $22.06, for a total transaction of $1,645,367.16. Following the completion of the sale, the insider now owns 100 shares in the company, valued at $2,206. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephanie G. Heim sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $25.50, for a total value of $127,500.00. The disclosure for this sale can be found here. Insiders have sold 2,299,613 shares of company stock valued at $53,689,753 in the last 90 days. Company insiders own 27.58% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in American Homes 4 Rent by 4.2% during the third quarter. AQR Capital Management LLC now owns 89,759 shares of the real estate investment trust’s stock worth $1,965,000 after acquiring an additional 3,632 shares during the period. Neuberger Berman Group LLC grew its holdings in American Homes 4 Rent by 48.7% during the third quarter. Neuberger Berman Group LLC now owns 1,080,763 shares of the real estate investment trust’s stock worth $23,658,000 after acquiring an additional 354,033 shares during the period. Teachers Advisors LLC grew its holdings in American Homes 4 Rent by 69.3% during the third quarter. Teachers Advisors LLC now owns 2,148,116 shares of the real estate investment trust’s stock worth $47,022,000 after acquiring an additional 879,490 shares during the period. Legal & General Group Plc grew its holdings in American Homes 4 Rent by 6.3% during the third quarter. Legal & General Group Plc now owns 741,542 shares of the real estate investment trust’s stock worth $16,232,000 after acquiring an additional 43,971 shares during the period. Finally, Morgan Stanley grew its holdings in American Homes 4 Rent by 9.3% during the third quarter. Morgan Stanley now owns 4,604,179 shares of the real estate investment trust’s stock worth $100,786,000 after acquiring an additional 392,751 shares during the period. Institutional investors and hedge funds own 87.10% of the company’s stock.

NYSE AMH traded up $0.15 on Friday, reaching $23.79. The stock had a trading volume of 2,766,519 shares, compared to its average volume of 2,209,171. The company has a current ratio of 1.30, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. American Homes 4 Rent has a 12-month low of $18.91 and a 12-month high of $24.45. The stock has a market cap of $7.09 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.17 and a beta of 0.74.

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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