American Homes 4 Rent (AMH) Stock

LAS VEGAS, Dec. 2, 2024 /PRNewswire/ -- American Homes 4 Rent (NYSE: AMH) has revealed that its operating partnership, American Homes 4 Rent, L.P., has set the price for an offering of $500 million in 5.250% Senior Notes that will mature in 2035.

On November 6, 2024, AMH (NYSE: AMH), a major owner and operator of single-family rental homes, announced that its Board of Trustees has approved a dividend of $0.26 per share for the fourth quarter of 2024. This payment will be made in cash on December 31, 2024, to shareholders who are on record by December 13, 2024.

This year, five US real estate investment trusts (REITs) have stopped paying dividends, and six others have reduced their regular payouts. This is in contrast to over a third of the US REIT sector that increased dividends in the first three quarters of 2024. The latest REIT to suspend its dividends is SITE Centers Corp., which manages shopping centers.

The federal government took on a lot of the economic challenges caused by the pandemic, which is reflected in the federal debt compared to GDP. Interestingly, large technology companies gain from a higher Fed Funds Rate since they have significant cash reserves and can earn good returns on that money. Meanwhile, the real estate market's brief success ended when interest rates started to increase again in mid-September.

American Homes 4 Rent (NYSE:AMH) will hold its Q3 2024 Earnings Conference Call on October 30, 2024, at 12:00 PM ET. The call will feature company leaders including Nicholas Fromm, David Singelyn, Bryan Smith, and Chris Lau, along with various participants from major financial institutions. At the moment, all attendees are in listen-only mode.

While the revenue and earnings per share (EPS) for American Homes 4 Rent (AMH) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

AMH, a major owner and operator of single-family rental homes, reported its financial results for the quarter ending September 30, 2024. The company also revealed that it purchased a high-quality portfolio of nearly 1,700 rental homes for about $480 million in October 2024. As a result of this acquisition, AMH has raised its guidance for the full year 2024.

Dividends are a major advantage of being a shareholder, but identifying a good dividend stock can be challenging. Is American Homes 4 Rent (AMH) a strong contender?

I am focusing on my main strength in real estate and looking to diversify with dividend ETFs, steering clear of the overpriced S&P 500. The current high valuations of the S&P 500 suggest that future returns may not be good, and low insider buying points to a possible decline. The market is moving from growth stocks to dividend stocks, especially in real estate and utilities, which have been doing well since July.