Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does American Homes 4 Rent (AMH) have what it takes?
REITs have rallied strongly recently, with a 7.93% increase in the past 3 months. Recent economic data suggests rate cuts have changed sentiment towards the real estate sector rapidly. Blue chip REITs still offer upside potential, with UDR, Rexford, and Invitation Homes standing out as potential best values.
Those holding REITs have seen their portfolios lag behind in recent years, with the sector struggling under the weight of rising interest rates. The current economic climate has been particularly harsh on REITs, which are feeling the strain from increased borrowing costs and a shift in investor preference towards safer fixed-income assets.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does American Homes 4 Rent (AMH) have what it takes?
American Homes 4 Rent (NYSE:AMH ) Q2 2024 Earnings Conference Call August 2, 2024 12:00 PM ET Company Participants Nick Fromm - Director Investor Relations David Singelyn - Chief Executive Officer Bryan Smith - Chief Operating Officer Chris Lau - Chief Financial Officer Conference Call Participants Juan Sanabria - BMO Capital Markets Eric Wolfe - Citibank Jamie Feldman - Wells Fargo Jeff Spector - Bank of America Linda Tsai - Jefferies John Pawlowski - Green Street Daniel Tricarico - Scotiabank Jesse Lederman - Zelman & Associates Adam Kramer - Morgan Stanley Brad Heffern - RBC Capital John Pawlowski - Green Street Operator Greetings, and welcome to the AMH Second Quarter 2024 Earnings Conference Call. [Operator Instructions].
While the top- and bottom-line numbers for American Homes 4 Rent (AMH) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
American Homes 4 Rent (AMH) came out with quarterly funds from operations (FFO) of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.41 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for American Homes 4 Rent (AMH), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
American dream of owning a home is dead for many due to high prices and mortgage rates. Some areas experiencing a decrease in home prices, providing hope for buyers. REITs like Sun Communities, Camden Property Trust, and American Homes 4 Rent offer alternative housing options and investment opportunities.
Lots of things are happening all at once: economic weakening, rising odds of Fed rate cuts, and political chaos.US manufacturing output and employment increased until the 2018 tariffs took effect.
U.S. equity markets climbed to fresh record-highs this week while benchmark interest rates hovered near two-month lows as the "bad news is good news" dynamic persisted. Investors responded favorably to another relatively downbeat slate of economic data, including soft retail sales, slowing home construction activity, and a rise in unemployment claims to five-month highs. Despite weakness from chip giant Nvidia, the S&P 500 posted its eighth weekly gain in the past nine weeks, advancing 0.3% and notching another series of record-highs during the week.
Owning rental properties can be a great source of passive income. Investing in REITs makes it easy to start generating passive income from real estate.