American Homes 4 Rent Declares Quarterly Dividend of $0.26 (NYSE:AMH)

American Homes 4 Rent (NYSE:AMH - Get Free Report) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.26 per share by the real estate investment trust on Friday, June 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, June 14th.

American Homes 4 Rent has raised its dividend by an average of 63.9% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. American Homes 4 Rent has a payout ratio of 144.4% 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 $1.86 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 55.9%.

American Homes 4 Rent Stock Performance

Shares of AMH traded down $0.33 during mid-day trading on Friday, hitting $36.07. The company's stock had a trading volume of 1,499,688 shares, compared to its average volume of 2,215,798. American Homes 4 Rent has a one year low of $31.36 and a one year high of $37.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market capitalization of $13.21 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 2.79 and a beta of 0.70. The stock's 50-day moving average is $36.09 and its two-hundred day moving average is $35.59.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13). The firm had revenue of $423.56 million during the quarter, compared to the consensus estimate of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.74 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup raised American Homes 4 Rent from a "neutral" rating to a "buy" rating and raised their target price for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Royal Bank of Canada reiterated an "outperform" rating and set a $39.00 price objective on shares of American Homes 4 Rent in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on American Homes 4 Rent in a research note on Tuesday, January 30th. They set a "buy" rating and a $40.00 price objective for the company. Raymond James increased their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. Finally, StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $39.67.

Insider Buying and Selling

In related news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the transaction, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Bryan Smith sold 50,000 shares of the firm's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. Over the last three months, insiders bought 14,476 shares of company stock worth $331,919 and sold 60,263 shares worth $2,212,078. Corporate insiders own 6.32% of the company's stock.

About American Homes 4 Rent

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.