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

NYSE:AMH traded up $0.09 on Monday, hitting $36.66. 43,225 shares of the company’s stock were exchanged, compared to its average volume of 2,798,094. The firm has a 50-day moving average price of $39.42 and a 200-day moving average price of $39.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64 and a quick ratio of 0.64. American Homes 4 Rent has a 52 week low of $34.79 and a 52 week high of $44.07. The company has a market cap of $12.77 billion, a P/E ratio of 77.81, a price-to-earnings-growth ratio of 2.86 and a beta of 0.58.

American Homes 4 Rent (NYSE:AMH – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. The firm had revenue of $356.11 million for the quarter, compared to analysts’ expectations of $355.76 million. During the same period in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, research analysts expect that American Homes 4 Rent will post 1.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, June 14th. This represents a $0.72 annualized dividend and a yield of 1.96%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 153.19%.

A number of equities research analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of American Homes 4 Rent in a report on Tuesday, February 1st. They issued a sector weight rating on the stock. B. Riley dropped their target price on shares of American Homes 4 Rent from $47.00 to $43.00 in a report on Wednesday, May 11th. Zacks Investment Research raised shares of American Homes 4 Rent from a sell rating to a hold rating in a report on Tuesday, May 17th. JPMorgan Chase & Co. dropped their target price on shares of American Homes 4 Rent from $46.00 to $44.00 and set an overweight rating on the stock in a report on Tuesday, March 22nd. Finally, Credit Suisse Group upped their target price on shares of American Homes 4 Rent from $42.00 to $44.00 and gave the company a neutral rating in a report on Monday, April 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $45.06.

In other news, Director Douglas N. Benham acquired 1,275 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The shares were bought at an average cost of $25.41 per share, with a total value of $32,397.75. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tamara Hughes Gustavson purchased 200,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The shares were bought at an average cost of $35.71 per share, for a total transaction of $7,142,000.00. Following the acquisition, the director now owns 8,830,956 shares in the company, valued at $315,353,438.76. The disclosure for this purchase can be found here. Insiders bought a total of 201,981 shares of company stock valued at $7,194,098 in the last ninety days. 6.03% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in AMH. Vanguard Group Inc. grew its holdings in shares of American Homes 4 Rent by 8.9% in the first quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after purchasing an additional 3,533,157 shares in the last quarter. State Street Corp raised its stake in shares of American Homes 4 Rent by 20.1% during the 1st quarter. State Street Corp now owns 12,861,103 shares of the real estate investment trust’s stock worth $514,830,000 after acquiring an additional 2,154,704 shares in the last quarter. Centersquare Investment Management LLC increased its stake in American Homes 4 Rent by 725.9% during the 1st quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock valued at $192,810,000 after purchasing an additional 4,233,435 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in American Homes 4 Rent by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,597,311 shares of the real estate investment trust’s stock valued at $184,037,000 after purchasing an additional 134,931 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in American Homes 4 Rent by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,287,344 shares of the real estate investment trust’s stock valued at $131,593,000 after purchasing an additional 115,167 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

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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