American Homes 4 Rent (DB:A4XA) - Stock Price, News & Analysis

A4XA Stock Overview

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes.

A4XA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	1/6
Dividends	5/6

Rewards

Trading at 29.1% below our estimate of its fair value

Pays a reliable dividend of 2.6%

Risk Analysis

Earnings are forecast to decline by an average of 6.3% per year for the next 3 years

Interest payments are not well covered by earnings

Large one-off items impacting financial results

American Homes 4 Rent Competitors

Equity LifeStyle Properties

NYSE:ELS

US$14.0b

Invitation Homes

NYSE:INVH

US$22.1b

Hamborner REIT

XTRA:HABA

€534.4m

PRS REIT

LSE:PRSR

UK£552.5m

Price History & Performance

Summary of all time highs, changes and price drops for American Homes 4 Rent
Historical stock prices
Current Share Price	US$34.80
52 Week High	US$37.00
52 Week Low	US$29.20
Beta	0.77
11 Month Change	1.75%
3 Month Change	3.57%
1 Year Change	8.07%
33 Year Change	7.74%
5 Year Change	48.05%
Change since IPO	196.17%

Recent updates

Shareholder Returns

	A4XA	DE Residential REITs	DE Market
7D	-3.9%	0%	0%
1Y	8.1%	0%	0%

Return vs Industry: A4XA underperformed the German Residential REITs industry which returned 9.8% over the past year.

Return vs Market: A4XA matched the German Market which returned 7.6% over the past year.

Price Volatility

Is A4XA's price volatile compared to industry and market?
A4XA volatility
A4XA Average Weekly Movement	4.4%
Residential REITs Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in DE Market	0%
10% least volatile stocks in DE Market	0%

Stable Share Price: A4XA has not had significant price volatility in the past 3 months.

Volatility Over Time: A4XA's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2012	1,725	David Singelyn	www.amh.com

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.

American Homes 4 Rent Fundamentals Summary

How do American Homes 4 Rent's earnings and revenue compare to its market cap?
A4XA fundamental statistics
Market cap	€15.01b
Earnings (TTM)	€315.43m
Revenue (TTM)	€1.51b

41.7x

P/E Ratio

8.7x

P/S Ratio

Is A4XA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
A4XA income statement (TTM)
Revenue	US$1.68b
Cost of Revenue	US$754.84m
Gross Profit	US$922.57m
Other Expenses	US$571.54m
Earnings	US$351.03m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.96
Gross Margin	55.00%
Net Profit Margin	20.93%
Debt/Equity Ratio	64.7%

How did A4XA perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

54%

Payout Ratio

A4XA Stock Overview

Rewards

Risk Analysis

American Homes 4 Rent Competitors

NYSE:ELS

US$14.0b

NYSE:INVH

US$22.1b

XTRA:HABA

€534.4m

LSE:PRSR

UK£552.5m

Price History & Performance

Recent News & Updates

Upcoming dividend of US$0.26 per share

Second quarter dividend of US$0.26 announced

AMH Declares Dividend on Common Shares for the Third Quarter of 2024, Payable in Cash on September 30, 2024

Second quarter 2024 earnings released: EPS: US$0.25 (vs US$0.27 in 2Q 2023)

American Homes 4 Rent to Report Q2, 2024 Results on Aug 01, 2024

Upcoming dividend of US$0.26 per share

Recent updates

Upcoming dividend of US$0.26 per share

Second quarter dividend of US$0.26 announced

AMH Declares Dividend on Common Shares for the Third Quarter of 2024, Payable in Cash on September 30, 2024

Second quarter 2024 earnings released: EPS: US$0.25 (vs US$0.27 in 2Q 2023)

American Homes 4 Rent to Report Q2, 2024 Results on Aug 01, 2024

Upcoming dividend of US$0.26 per share

First quarter dividend of US$0.26 announced

American Homes 4 Rent Declares Dividend for the Second Quarter of 2024, Payable on June 28, 2024

First quarter 2024 earnings released: EPS: US$0.31 (vs US$0.33 in 1Q 2023)

American Homes 4 Rent Provides Earnings Guidance for the Full Year 2024

American Homes 4 Rent to Report Q1, 2024 Results on May 02, 2024

American Homes 4 Rent, Annual General Meeting, May 10, 2024

Upcoming dividend of US$0.26 per share

Fourth quarter dividend of US$0.26 announced

Full year 2023 earnings released: EPS: US$1.01 (vs US$0.72 in FY 2022)

AMH Announces Chief Executive Officer Changes

AMH Declares Dividend for the First Quarter of 2024, Payable on March 28, 2024

New minor risk - Shareholder dilution

Now 21% undervalued

New minor risk - Shareholder dilution

American Homes 4 Rent to Report Q4, 2023 Results on Feb 22, 2024

Now 20% undervalued

New minor risk - Shareholder dilution

Upcoming dividend of US$0.22 per share at 2.5% yield

Now 21% undervalued after recent price drop

Trustee recently sold €1.7m worth of stock

Now 20% undervalued

American Homes 4 Rent has withdrawn its Follow-on Equity Offering in the amount of $1 billion.

American Homes 4 Rent has withdrawn its Follow-on Equity Offering in the amount of $1 billion.

Third quarter 2023 earnings released: EPS: US$0.20 (vs US$0.14 in 3Q 2022)

AMH Declares Dividend on its Common Shares for the Fourth Quarter of 2023, Payable on December 29, 2023

American Homes 4 Rent to Report Q3, 2023 Results on Nov 02, 2023

New minor risk - Shareholder dilution

Upcoming dividend of US$0.22 per share at 2.5% yield

Insufficient new directors

American Homes 4 Rent Declares Dividend for the Third Quarter of 2023, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: US$0.27 (vs US$0.16 in 2Q 2022)

American Homes 4 Rent to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.22 per share at 2.5% yield

Chief Legal Officer & Secretary recently sold €278k worth of stock

AMH Declares Cash Dividend on its Common Shares for the Second Quarter of 2023, Payable on June 30, 2023

First quarter 2023 earnings released: EPS: US$0.33 (vs US$0.16 in 1Q 2022)

American Homes 4 Rent Provides Revenue Guidance for the Year 2023

Now 21% undervalued after recent price drop

Chief Financial Officer recently sold €1.0m worth of stock

Upcoming dividend of US$0.22 per share at 2.8% yield

Insider recently sold €119k worth of stock

Full year 2022 earnings released: EPS: US$0.72 (vs US$0.42 in FY 2021)

American Homes 4 Rent Declares Dividend for the First Quarter of 2023, Payable on March 31, 2023

American Homes 4 Rent to Report Q4, 2022 Results on Feb 23, 2023

Upcoming dividend of US$0.18 per share

American Homes 4 Rent Declares Dividend for the Fourth Quarter of 2022, payable on December 30, 2022

Third quarter 2022 earnings released: FFO per share: US$0.4 (vs US$0.39 in 3Q 2021)

American Homes 4 Rent to Report Q3, 2022 Results on Nov 03, 2022

Independent Trustee recently bought €15m worth of stock

Independent Trustee recently bought €5.5m worth of stock

Upcoming dividend of US$0.18 per share

Second quarter 2022 earnings released: EPS: US$0.19 (vs US$0.063 in 2Q 2021)

American Homes 4 Rent Declares Dividend for the Third Quarter of 2022, Payable on September 30, 2022