American Homes 4 Rent (NYSE:AMH) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01, Bloomberg Earnings reports. American Homes 4 Rent had a net margin of 10.09% and a return on equity of 1.83%. The firm had revenue of $279.20 million for the quarter, compared to analysts’ expectations of $275.90 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. American Homes 4 Rent updated its FY19 guidance to $1.06-1.14 EPS.
Shares of NYSE AMH opened at $24.01 on Friday. American Homes 4 Rent has a 1 year low of $18.91 and a 1 year high of $24.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $7.11 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.17 and a beta of 0.74.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. ValuEngine upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. American Homes 4 Rent presently has an average rating of “Buy” and an average price target of $23.83.
About American Homes 4 Rent
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, renovating, leasing, and operating attractive, single-family homes as rental properties.
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