American Homes 4 Rent (AMH) to Issue Quarterly Dividend of $0.18 on June 30th
American Homes 4 Rent (NYSE:AMH – Get Rating) declared a quarterly dividend on Tuesday, May 3rd, Zacks reports. Stockholders of record on Wednesday, June 15th will be paid a dividend of 0.18 per share by the real estate investment trust on Thursday, June 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Tuesday, June 14th.
American Homes 4 Rent has raised its dividend by an average of 26.0% per year over the last three years and has increased its dividend every year for the last 2 years. American Homes 4 Rent has a payout ratio of 118.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect American Homes 4 Rent to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 41.6%.
American Homes 4 Rent stock opened at $35.94 on Friday. The stock has a market cap of $12.52 billion, a PE ratio of 76.47, a price-to-earnings-growth ratio of 2.95 and a beta of 0.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64 and a current ratio of 0.64. American Homes 4 Rent has a one year low of $34.79 and a one year high of $44.07. The stock has a fifty day moving average of $38.82 and a 200 day moving average of $39.66.
American Homes 4 Rent (NYSE:AMH – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $356.11 million during the quarter, compared to analysts’ expectations of $355.76 million. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. American Homes 4 Rent’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.
In other news, Director Tamara Hughes Gustavson purchased 200,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average cost of $35.71 per share, with a total value of $7,142,000.00. Following the completion of the purchase, the director now owns 8,830,956 shares in the company, valued at $315,353,438.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas N. Benham purchased 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The shares were purchased at an average cost of $25.41 per share, with a total value of $32,397.75. The disclosure for this purchase can be found here. Insiders have purchased 201,981 shares of company stock valued at $7,194,098 in the last quarter. 6.03% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Covestor Ltd lifted its stake in shares of American Homes 4 Rent by 10,152.4% in 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 during the last quarter. NEXT Financial Group Inc lifted its stake in shares of American Homes 4 Rent by 13.7% in 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 during the last quarter. Mackenzie Financial Corp bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $222,000. Virtu Financial LLC bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $223,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of American Homes 4 Rent in the first quarter worth approximately $236,000. 88.49% of the stock is owned by institutional investors and hedge funds.
AMH has been the subject of a number of research reports. StockNews.com initiated coverage on American Homes 4 Rent in a research report on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. reduced their price target on American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, March 22nd. BMO Capital Markets started coverage on American Homes 4 Rent in a research report on Thursday, April 14th. They issued an “outperform” rating and a $46.00 price target for the company. Morgan Stanley reduced their price target on American Homes 4 Rent from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, May 27th. Finally, Credit Suisse Group upped their price target 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. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent has an average rating of “Buy” and an average target price of $45.00.
American Homes 4 Rent Company Profile (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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