American Homes 4 Rent (NYSE:AMH) Issues FY 2024 Earnings Guidance

American Homes 4 Rent (NYSE:AMH - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 1.700-1.760 for the period, compared to the consensus EPS estimate of 1.740. The company issued revenue guidance of -.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded down $0.64 on Friday, hitting $35.76. The stock had a trading volume of 2,358,958 shares, compared to its average volume of 3,320,475. The firm's 50 day moving average price is $36.09 and its 200-day moving average price is $35.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.46. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 2.76 and a beta of 0.70.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). The firm had revenue of $423.56 million for the quarter, compared to the consensus estimate of $421.28 million. American Homes 4 Rent had a net margin of 23.42% and a return on equity of 5.14%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. On average, equities research analysts predict that American Homes 4 Rent will post 1.73 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.26 dividend. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, March 14th. American Homes 4 Rent's payout ratio is presently 104.00%.

Wall Street Analysts Forecast Growth

AMH has been the subject of several research analyst reports. Mizuho lifted their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Royal Bank of Canada reiterated an outperform rating and set a $39.00 price target on shares of American Homes 4 Rent in a research report on Monday, February 26th. Citigroup upgraded shares of American Homes 4 Rent from a neutral rating to a buy rating and raised their price objective for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. BNP Paribas assumed coverage on shares of American Homes 4 Rent in a research report on Monday, January 22nd. They set an outperform rating and a $42.00 target price on the stock. Finally, StockNews.com cut shares of American Homes 4 Rent from a hold rating to a sell rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $39.67.

Insiders Place Their Bets

In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of the company's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,617,576.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total value of $266,987.88. Following the sale, the director now directly owns 41,336 shares in the company, valued at approximately $1,519,511.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bryan Smith sold 50,000 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the transaction, the chief operating officer now owns 125,580 shares of the company's stock, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,263 shares of company stock valued at $2,212,078. Company 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.