American Homes 4 Rent (AMH) Expected to Post Quarterly Sales of $272.70 Million

Wall Street analysts expect that American Homes 4 Rent (NYSE:AMH) will report $272.70 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for American Homes 4 Rent’s earnings, with the highest sales estimate coming in at $276.29 million and the lowest estimate coming in at $268.07 million. American Homes 4 Rent reported sales of $246.84 million in the same quarter last year, which indicates a positive year over year growth rate of 10.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that American Homes 4 Rent will report full-year sales of $1.06 billion for the current fiscal year, with estimates ranging from $1.04 billion to $1.08 billion. For the next financial year, analysts forecast that the firm will report sales of $1.13 billion per share, with estimates ranging from $1.06 billion to $1.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. American Homes 4 Rent had a return on equity of 1.76% and a net margin of 10.20%. The business had revenue of $264.48 million for the quarter, compared to the consensus estimate of $257.89 million. During the same period in the prior year, the business posted $0.26 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year.

AMH has been the topic of a number of recent research reports. Mizuho set a $25.00 price objective on American Homes 4 Rent and gave the company a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. ValuEngine downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th. Zelman & Associates downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Morgan Stanley reduced their price target on American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating on the stock in a report on Thursday, June 14th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $24.56.

AMH stock traded down $0.10 during midday trading on Monday, reaching $22.91. 1,389,100 shares of the company traded hands, compared to its average volume of 2,114,667. American Homes 4 Rent has a 52-week low of $18.39 and a 52-week high of $23.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $6.81 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be issued a $0.05 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.87%. American Homes 4 Rent’s payout ratio is 19.61%.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes purchased 141,100 shares of American Homes 4 Rent stock in a transaction dated Thursday, June 7th. The shares were purchased at an average cost of $20.70 per share, for a total transaction of $2,920,770.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas N. Benham purchased 2,000 shares of American Homes 4 Rent stock in a transaction dated Tuesday, May 29th. The stock was acquired at an average price of $23.14 per share, for a total transaction of $46,280.00. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 150,000 shares of company stock worth $3,450,000. Company insiders own 26.52% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Amica Mutual Insurance Co. purchased a new position in American Homes 4 Rent during the 2nd quarter worth $2,678,000. GSA Capital Partners LLP increased its holdings in American Homes 4 Rent by 14.6% during the 1st quarter. GSA Capital Partners LLP now owns 41,091 shares of the real estate investment trust’s stock worth $825,000 after purchasing an additional 5,239 shares during the period. Bank of Montreal Can increased its holdings in American Homes 4 Rent by 2,051.5% during the 2nd quarter. Bank of Montreal Can now owns 185,266 shares of the real estate investment trust’s stock worth $4,109,000 after purchasing an additional 176,655 shares during the period. Amalgamated Bank increased its holdings in American Homes 4 Rent by 7.7% during the 2nd quarter. Amalgamated Bank now owns 49,157 shares of the real estate investment trust’s stock worth $1,090,000 after purchasing an additional 3,532 shares during the period. Finally, Echo Street Capital Management LLC increased its holdings in American Homes 4 Rent by 19.2% during the 1st quarter. Echo Street Capital Management LLC now owns 3,714,399 shares of the real estate investment trust’s stock worth $74,585,000 after purchasing an additional 598,513 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

About American Homes 4 Rent

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

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