American Homes 4 Rent (NYSE:AMH) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.03 per share.
For the full year, analysts predict revenues of $ 1164.86 million, while looking forward to income of $ 0.19 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.17 ~ $ 1.21 per share
Click Here For More Historical Outlooks Of American Homes 4 Rent
Previous Quarter Performance
American Homes 4 Rent posted income for the second quarter of $ 0.27 per share, from the revenue of $ 283.10 million. The quarterly earnings dropped 3.57 percent while revenues grew 0.44 percent compared with the same quarter last year. The top line results fell short of analysts by $ 0.76 million or 0.27 percent.
Stock Performance
Shares of American Homes 4 Rent traded up $ 0.73 or 2.54 percent on Wednesday, reaching $ 29.42 with volume of 1.81 million shares. American Homes 4 Rent has traded high as $ 29.48 and has cracked $ 28.65 on the downward trend
The closing price of $ 29.42, representing a 63.94 % increase from the 52 week low of $ 17.50 and a 5.78 % decrease over the 52 week high of $ 30.45.
The company has a market capital of $ 9.30 billion and is part of the Real Estate sector and REIT – Residential industry.
Recent Analyst recommendations
- On 1st October 2020, initiated by Berenberg Bank at Buy rating, with $ 38.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on August 5, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
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. As of June 30, 2019, we owned 52,634 single-family properties in selected submarkets in 22 states.
