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American Homes 4 Rent said on February 10, 2023 that its board of directors declared a regular
quarterly dividend of $0.22 per share ($0.88 annualized).
Shareholders of record as of March 14, 2023
will receive the payment on March 31, 2023.
Previously, the company paid $0.18 per share.
At the current share price of $33.85 / share,
the stock’s dividend yield is 2.60%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.10%,
the lowest has been 0.64%,
and the highest has been 2.42%.
The standard deviation of yields is 0.48 (n=237).
The current dividend yield is
3.16 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 1.08.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 2.60%,
demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 6.90% Upside
As of February 14, 2023,
the average one-year price target for American Homes 4 Rent is $36.18.
The forecasts range from a low of $30.30 to a high of $44.10.
The average price target represents an increase of 6.90% from its latest reported closing price of $33.85.
The projected annual revenue for American Homes 4 Rent
is $1,648MM, an increase of 13.84%.
The projected annual EPS
is $0.53, a decrease of 8.18%.
What is the Fund Sentiment?
There are 845 funds or institutions reporting positions in American Homes 4 Rent.
This is a decrease
of
33
owner(s) or 3.76% in the last quarter.
Average portfolio weight of all funds dedicated to AMH is 0.54%,
an increase
of 4.36%.
Total shares owned by institutions increased
in the last three months by 0.82% to 376,064K shares.
The put/call ratio of AMH is 2.02, indicating a
bearish
outlook.
What are large shareholders doing?
Principal Financial Group
holds 17,021K shares
representing 4.82% ownership of the company.
In it’s prior filing, the firm reported owning 17,808K shares, representing
a decrease
of 4.62%.
The firm
decreased
its portfolio allocation in AMH by 54.96% over the last quarter.
Norges Bank
holds 16,079K shares
representing 4.55% ownership of the company.
In it’s prior filing, the firm reported owning 13,613K shares, representing
an increase
of 15.34%.
The firm
increased
its portfolio allocation in AMH by 18.29% over the last quarter.
Jpmorgan Chase &
holds 16,042K shares
representing 4.54% ownership of the company.
In it’s prior filing, the firm reported owning 15,976K shares, representing
an increase
of 0.41%.
The firm
decreased
its portfolio allocation in AMH by 88.51% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
holds 13,137K shares
representing 3.72% ownership of the company.
In it’s prior filing, the firm reported owning 13,298K shares, representing
a decrease
of 1.22%.
The firm
increased
its portfolio allocation in AMH by 0.31% over the last quarter.
Nuveen Asset Management
holds 9,337K shares
representing 2.64% ownership of the company.
In it’s prior filing, the firm reported owning 9,344K shares, representing
a decrease
of 0.07%.
The firm
decreased
its portfolio allocation in AMH by 3.11% over the last quarter.
American Homes 4 Rent Background Information
(This description is provided by the company.)
American Homes 4 Rent 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. The Company is 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 September 30, 2020, it owned 53,229 single-family properties in selected submarkets in 22 states.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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