American Homes 4 Rent (AMH) to Release Quarterly Earnings on Thursday

American Homes 4 Rent (NYSE:AMH) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $35.57 on Thursday. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.73 and a beta of 0.70. The company has a fifty day simple moving average of $35.88 and a 200-day simple moving average of $35.43. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.26 per share. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.92%. American Homes 4 Rent’s dividend payout ratio is presently 104.00%.

Insider Transactions at American Homes 4 Rent

In other news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the sale, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the sale, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Bryan Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the sale, the chief operating officer now owns 125,580 shares in the company, valued at $4,617,576.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,263 shares of company stock valued at $2,212,078. 6.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMH has been the subject of a number of research reports. Jefferies Financial Group raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and upped their target price for the stock from $34.00 to $41.00 in a report on Tuesday, January 2nd. Citigroup raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and boosted their price target for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price target on shares of American Homes 4 Rent in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of American Homes 4 Rent in a research report on Tuesday, January 30th. They set a “buy” rating and a $40.00 price target on the stock. Finally, StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

About American Homes 4 Rent

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.