American Homes 4 Rent (AMH) to Issue Quarterly Dividend of $0.26 on December 31st

American Homes 4 Rent (NYSE:AMH) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.26 per share by the real estate investment trust on Tuesday, December 31st. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, December 13th.

American Homes 4 Rent has increased its dividend payment by an average of 63.9% per year over the last three years. American Homes 4 Rent has a payout ratio of 150.7% 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 $1.87 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 55.6%.

American Homes 4 Rent Trading Up 1.7 %

Shares of NYSE AMH traded up $0.64 during mid-day trading on Friday, hitting $37.37. 483,686 shares of the company traded hands, compared to its average volume of 2,566,519. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.92 and a beta of 0.77. The business has a 50 day moving average of $38.43 and a two-hundred day moving average of $37.29.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. During the same quarter last year, the company posted $0.41 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on AMH. UBS Group raised their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Scotiabank reiterated an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Evercore ISI reduced their price objective on American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Royal Bank of Canada raised their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.53.

American Homes 4 Rent Company Profile

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.