American Homes 4 Rent Announces Quarterly Dividend of $0.33 (NYSE:AMH)

Key Points

• American Homes 4 Rent declared a quarterly dividend of $0.33 per share, payable September 30 to shareholders of record as of September 15. The dividend implies an annualized yield of approximately 3.8%.
• The REIT has raised its dividend for five consecutive years, but its current 169.2% payout ratio exceeds earnings. Analysts expect improved coverage next year, with projected earnings of $1.96 per share versus a $1.32 annual dividend.
• American Homes 4 Rent recently reported quarterly EPS of $0.31, beating estimates of $0.18, while revenue rose 2.8% year over year to $470.1 million. Shares opened at $34.39, up 0.2%.

American Homes 4 Rent (NYSE:AMH - Get Free Report) announced a quarterly dividend on Thursday, August 20th. Investors of record on Tuesday, September 15th will be given a dividend of 0.33 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

American Homes 4 Rent has increased its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 5 years. American Homes 4 Rent has a payout ratio of 169.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect American Homes 4 Rent to earn $1.96 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 67.3%.

American Homes 4 Rent Stock Up 0.2%

AMH stock opened at $34.39 on Friday. The company has a 50-day moving average of $33.55 and a two-hundred day moving average of $31.60. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.85. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 6.20 and a beta of 0.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. The company had revenue of $470.10 million for the quarter, compared to the consensus estimate of $466.51 million. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.88 EPS for the current year.

American Homes 4 Rent Company Profile

American Homes 4 Rent NYSE: AMH is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today's renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source