American Homes 4 Rent (NYSE:AMH – Get Free Report) declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.33 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 15th.
American Homes 4 Rent has increased its dividend by an average of 0.4%annually over the last three years and has increased its dividend every year for the last 5 years. American Homes 4 Rent has a payout ratio of 169.2% indicating that 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 $1.98 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 66.7%.
American Homes 4 Rent Stock Down 0.0%
American Homes 4 Rent stock opened at $34.36 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $35.85. The firm has a fifty day moving average price of $33.57 and a two-hundred day moving average price of $31.62. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 6.16 and a beta of 0.79.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.
As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.
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