airdone REIT Performance The REIT sector has had a rough start to 2024 with back-to-back months of negative total return. Equity REITs averaged a -0.81% total return in February and again underperformed the broader market. The NASDAQ (+6.2%), S&P 500 (+5.3%) and Dow Jones Industrial Average (+2.5%) all saw strong gains in February. The market cap weighted Vanguard Real Estate ETF (VNQ) outpaced the average REIT in February (+1.98% vs. -0.81%) and has seen smaller losses year to date (-3.18% vs. -6.33%). ...

Investment Landscape - The democratization of investing allows individuals to start investing with as little as $100, making stock market participation accessible to a broader audience [1] - Online discount brokerages and the elimination of transaction fees have made buying and selling stocks essentially free, including the ability to purchase fractional shares [1] Shopify (SHOP) - Shopify trades around $74 per share and focuses on providing a comprehensive solution for small and medium-sized businesses, particularly in e-commerce [3] - Despite a mixed reception for its fourth-quarter earnings, Shopify exceeded revenue and profit forecasts and provided strong guidance for the upcoming year [3][4] - Wall Street anticipates a 60% compounded annual growth rate in earnings for Shopify over the next five years, supported by nearly $1 billion in free cash flow [4] Palantir Technologies (PLTR) - Palantir offers an entry point into the artificial intelligence sector at approximately $26 per share, recognized as a leading pure-play AI stock [5] - The company has two platforms, Gotham and Foundry, and recently launched an Artificial Intelligence Platform that has received positive customer feedback [6] - A new $174 million military contract will enhance Palantir's growth prospects as it develops AI-driven solutions for the U.S. Army [6] American Homes 4 Rent (AMH) - American Homes 4 Rent, a real estate investment trust, owns over 59,000 houses with occupancy rates exceeding 95%, positioning itself as a major player in the housing market [7] - The company benefits from rising housing prices despite increasing mortgage interest rates, aligning with the preferences of younger generations who favor renting [7][8] - AMH stock trades at $36 per share and is expected to profit from the evolving housing landscape [8]

Investors closely monitor insider buys. But who are ‘insiders’?An insider is defined by Section 16 of the Security Exchange Act as an officer, director, 10% stockholder, or anyone who possesses information because of their relationship with the company.Of course, many strict rules apply to insiders. Notably, they have a longer holding period than most, a critical aspect investors should know.Several companies – Dominion Energy (D) , Carvana (CVNA) , Keurig Dr Pepper (KDP) , American Homes 4 Rent (AMH) , and ...

Core Viewpoint - American Homes 4 Rent (AMH) reported Q4 earnings that exceeded consensus estimates, but the company is still viewed as having a stretched valuation, leading to an upgrade to a bearish Hold rating from a Sell [2][11] Earnings Update - AMH's wholly-owned portfolio grew by approximately 0.4% quarter-over-quarter (QoQ), while the joint venture (JV) portfolio increased by about 1.4% [3] - Average monthly rents rose by approximately 1.2% QoQ, although occupancy slightly decreased [3] - Core revenues increased in line with average monthly rents, growing around 1.2% QoQ, while Same-Home (SH) core revenue remained virtually flat QoQ [4][5] Operational KPIs - Total homes owned and managed increased to 62,310, reflecting a 0.5% growth QoQ and a 1.3% increase year-over-year (YoY) [4] - The occupancy rate was reported at 95.0%, down from 95.8% YoY [4] - The average blended change in rent decreased to 5.7% from 8.0% YoY [4] Financial Performance - Funds from Operations (FFO), Core FFO, and Adjusted Funds from Operations (AFFO) per share improved significantly, with growth rates of approximately 5%, 4%, and 10% respectively [5] - The dividend was increased by about 18% to approximately $1.04 per annum, indicating a payout ratio of around 67% on Q4 AFFO [5] Guidance and Valuation - Guidance for 2024 indicates Core FFO per share between $1.70 and $1.76, aligning with previous sell-side forecasts [7] - The company trades at 21.3x 2024E Core FFO per share and 25.0x LTM AFFO, with a yield of approximately 2.8% following the dividend hike [8] - AMH's valuation is approximately 33% above its Net Asset Value (NAV) estimate, which is based on a 6% cap rate [9] Market Position and Strategy - AMH issued around 2.8 million shares in Q4 through its ATM program, capitalizing on its premium valuation [10] - The company is set to join the S&P 400 MidCap Index, which is expected to drive increased technical buying [10] - AMH's issuance of $600 million in "green bonds" at 5.5% is anticipated to lower its cost of debt, supporting its growth funding [10]

Group 1 - American Homes 4 Rent (NYSE: AMH) will replace Physicians Realty Trust (NYSE: DOC) in the S&P MidCap 400 effective prior to the opening of trading on March 1, 2024 [1] - Healthpeak Properties Inc. (NYSE: PEAK) is acquiring Physicians Realty Trust, with the deal expected to be completed soon pending final conditions [1] - Post-merger, Healthpeak Properties will change its ticker symbol from PEAK to DOC [1] Group 2 - The addition of American Homes 4 Rent to the S&P MidCap 400 will occur on March 1, 2024, while Physicians Realty Trust will be deleted from the index on the same date [1] - Both companies operate within the Real Estate sector [1]

American Homes 4 Rent (NYSE:AMH) Q4 2023 Earnings Conference Call February 23, 2024 12:00 PM ET Company Participants Nick Fromm - Director, IR David Singelyn - CEO Bryan Smith - COO Chris Lau - CFO Conference Call Participants Juan Sanabria - BMO Capital Markets Jeff Spector - Bank of America Steve Sakwa - Evercore ISI Keegan Carl - Wolfe Research Cooper Clark - Wells Fargo Eric Wolfe - Citi Haendel St. Juste - Mizuho Securities Adam Kramer - Morgan Stanley Michael Goldsmith - UBS Brad Heffern - RBC Capital ...

For the quarter ended December 2023, American Homes 4 Rent (AMH) reported revenue of $408.66 million, up 7.3% over the same period last year. EPS came in at $0.43, compared to $0.25 in the year-ago quarter.The reported revenue represents a surprise of +1.66% over the Zacks Consensus Estimate of $401.97 million. With the consensus EPS estimate being $0.42, the EPS surprise was +2.38%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

分组1 - American Homes 4 Rent (AMH) reported quarterly funds from operations (FFO) of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, and up from $0.40 per share a year ago, representing an FFO surprise of 2.38% [1] - The company generated revenues of $408.66 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 1.66%, and an increase from $380.93 million year-over-year [1] - Over the last four quarters, American Homes 4 Rent has exceeded consensus FFO estimates three times and topped consensus revenue estimates four times [1] 分组2 - The current consensus FFO estimate for the upcoming quarter is $0.44 on revenues of $424.36 million, and for the current fiscal year, it is $1.77 on revenues of $1.7 billion [4] - The estimate revisions trend for American Homes 4 Rent is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] - The REIT and Equity Trust - Residential industry is currently ranked in the bottom 26% of over 250 Zacks industries, which may impact stock performance [5]

AMH Announces Bryan Smith to Succeed David P. Singelyn as Chief Executive Officer LAS VEGAS, Feb. 22, 2024 /PRNewswire/ -- AMH (NYSE: AMH) (the "Company"), a leading large-scale integrated owner, operator, and developer of single-family rental homes, today announced that David P. Singelyn, who has served as Chief Executive Officer since the Company's inception, has announced his intent to retire effective December 31, 2024. The Company's Board of Trustees has named Bryan Smith, the Company's Chief Operating ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbols Name of each exchange on which registered Class A common shares of beneficial interest, $.01 par value AMH New York Stock Exchange Series G perpetual preferred shares of beneficial interest, $.01 par value AMH-G New York Stock Exchange Series H perpetual preferred shares of beneficial interest, $.01 par value AMH-H New York Stock Exchange FOR ...