American Homes 4 Rent (NYSE:AMH) Issues FY 2022 Earnings Guidance

American Homes 4 Rent (NYSE:AMHGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $1.53-$1.59 for the period. The company issued revenue guidance of -.

Shares of American Homes 4 Rent stock traded up $0.52 during trading on Tuesday, hitting $37.61. The stock had a trading volume of 165,676 shares, compared to its average volume of 3,272,010. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $13.10 billion, a P/E ratio of 78.91, a PEG ratio of 3.22 and a beta of 0.58. The business has a fifty day moving average of $39.58 and a two-hundred day moving average of $40.05. American Homes 4 Rent has a fifty-two week low of $34.79 and a fifty-two week high of $44.07.

American Homes 4 Rent (NYSE:AMHGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. The business had revenue of $356.11 million during the quarter, compared to analyst estimates of $355.76 million. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. As a group, research analysts forecast that American Homes 4 Rent will post 1.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Tuesday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 153.19%.

A number of equities research analysts have recently issued reports on AMH shares. Jefferies Financial Group started coverage on American Homes 4 Rent in a research report on Wednesday, April 20th. They set a buy rating and a $48.00 target price on the stock. Credit Suisse Group boosted their target price on American Homes 4 Rent from $42.00 to $44.00 and gave the stock a neutral rating in a research report on Monday, April 25th. Mizuho upped their price target on American Homes 4 Rent from $42.00 to $44.00 and gave the company a buy rating in a research report on Tuesday, January 25th. Zacks Investment Research lowered American Homes 4 Rent from a hold rating to a sell rating in a research report on Wednesday, May 11th. Finally, Morgan Stanley dropped their price target on American Homes 4 Rent from $43.50 to $41.00 and set an equal weight rating on the stock in a research report on Friday, March 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of $45.06.

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,275 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The stock was purchased at an average price of $25.41 per share, for a total transaction of $32,397.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tamara Hughes Gustavson acquired 200,000 shares of American Homes 4 Rent stock in a transaction on Thursday, May 12th. The stock was purchased at an average price of $35.71 per share, with a total value of $7,142,000.00. Following the transaction, the director now directly owns 8,830,956 shares in the company, valued at approximately $315,353,438.76. The disclosure for this purchase can be found here. 6.03% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd increased its holdings in American Homes 4 Rent by 10,152.4% during the 1st quarter. Covestor Ltd now owns 2,153 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 2,132 shares in the last quarter. NEXT Financial Group Inc increased its holdings in American Homes 4 Rent by 13.7% during the 4th quarter. NEXT Financial Group Inc now owns 2,539 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 306 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of American Homes 4 Rent in the 4th quarter valued at $222,000. Virtu Financial LLC acquired a new stake in shares of American Homes 4 Rent in the 4th quarter valued at $223,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of American Homes 4 Rent in the 1st quarter valued at $236,000. 88.49% of the stock is owned by institutional investors and hedge funds.

About American Homes 4 Rent (Get Rating)

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, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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Earnings History and Estimates for American Homes 4 Rent (NYSE:AMH)

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