American Homes 4 Rent (NYSE:AMH) Shareholders to Get $0.33 Quarterly Dividend

Key Points

• American Homes 4 Rent declared a quarterly dividend of $0.33 per share, payable December 31 to shareholders of record on December 15. The annualized dividend is $1.32 per share, a 4.1% yield.
• The REIT’s current earnings do not cover its dividend, with a 169.2% payout ratio. Analysts expect next year’s earnings to support the dividend, bringing the projected payout ratio to 66.3%.
• AMH beat quarterly earnings and revenue estimates, reporting EPS of $0.50 and revenue of $498.07 million; revenue rose 4.1% year over year. Analysts’ consensus rating is “Moderate Buy,” with a $36.65 average price target.

American Homes 4 Rent (NYSE:AMH - Get Free Report) declared a quarterly dividend on Wednesday, November 11th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.33 per share by the real estate investment trust on Thursday, December 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, December 15th.

American Homes 4 Rent has raised its dividend payment by an average of 0.4% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. American Homes 4 Rent has a dividend 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. Equities research analysts expect American Homes 4 Rent to earn $1.99 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 66.3%.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $32.51 on Thursday. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $35.07. The firm's 50 day moving average is $31.43 and its 200 day moving average is $31.64. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $11.72 billion, a P/E ratio of 26.65, a PEG ratio of 3.00 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.32. The firm had revenue of $498.07 million during the quarter, compared to analyst estimates of $488.73 million. American Homes 4 Rent had a net margin of 24.17% and a return on equity of 6.07%. The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.91 earnings per share for the current year.

Analysts Set New Price Targets

AMH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on American Homes 4 Rent from $35.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, August 19th. Weiss Ratings reissued a "hold (c)" rating on shares of American Homes 4 Rent in a research report on Monday, August 17th. UBS Group increased their price objective on shares of American Homes 4 Rent from $32.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday. Mizuho upgraded American Homes 4 Rent from a "neutral" rating to an "outperform" rating and increased their target price for the company from $35.00 to $36.00 in a research note on Monday, September 21st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.65.

About American Homes 4 Rent

American Homes 4 Rent is a real estate investment trust that owns, operates and leases single-family homes in the United States. The company rents homes to individuals and families, offering an alternative to homeownership in its markets. In addition to acquiring existing homes, American Homes 4 Rent develops single-family properties for rental through its build-to-rent program. Its portfolio and operations span multiple regions of the country, including the Southeast, Midwest, Southwest and West.

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