American Homes 4 Rent (NYSE:AMH – Get Free Report) announced a quarterly dividend on Thursday, August 20th. Investors of record on Tuesday, September 15th will be given a dividend of 0.33 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 15th.
American Homes 4 Rent has increased its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 5 years. American Homes 4 Rent has a 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. Analysts expect American Homes 4 Rent to earn $1.96 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 67.3%.
American Homes 4 Rent Stock Up 0.2%
AMH stock opened at $34.39 on Friday. The company has a 50-day moving average of $33.55 and a two-hundred day moving average of $31.60. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.85. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 6.20 and a beta of 0.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.
As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.
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