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?
Mr. Powell and I rarely see eye to eye. I've usually been right. REITs are set for a bullish trend with the Fed expected to cut rates, offering attractive valuations and growth potential. Here are 3 top picks ranging from low to high yield.
The REIT sector soared in July with an +8.33% average total return and is now in the black year to date with +3.83% thus far in 2024. Small cap (+9.91%) and mid-cap REITs (+9.77%) averaged the highest total returns in July. Micro-caps (+5.85%) and large-caps (+5.53%) were also in the black in July, albeit. 86.84% of REIT securities had a positive total return in July.
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.