Stocks · Real Estate · REIT - Residential
American Homes 4 Rent AMH
$30.08 -0.59% Close, Oct 5, 2026 · NYSE · Market cap $10.87B
Inexpensive vs sectorLow risk
Next earnings report: Oct 28, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin narrowed to 25.3% from 44.4% a year earlier.
- At 23.9× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +72.8%).
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 44%
- EPS growth (TTM, YoY)Top 46%
- FCF growth (TTM, YoY)Top 24%
- Revenue growth, 3-year CAGRTop 38%
- Revenue growth accelerationBottom 25%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 49%
- Gross marginBottom 37%
- Operating marginTop 50%
- Cash conversion (OCF / net income)Top 47%
- Accruals (lower is better)Bottom 45%
- Net debt / EBITDA (lower is better)Top 25%
- Interest coverTop 27%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 37%
- Free-cash-flow yieldTop 31%
- EBITDA / enterprise valueTop 32%
- Sales / enterprise valueTop 46%
- P/E vs own 5-year history (lower is better)Top 9%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 47%
- 6-month returnTop 31%
- 1-year return vs S&P 500Bottom 48%
- Distance from 52-week highTop 20%
- Trend checklist (0–4)Top 39%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 18%
- Consecutive EPS beatsTop 1%
- Share of analysts rating BuyTop 30%
- Upside to consensus price targetBottom 41%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 9%
- Maximum drawdown, 3 yearsTop 42%
- Beta vs S&P 500 (lower is better)Top 20%
- Net debt / EBITDA (lower is better)Top 25%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.8% | 4.5% | ↓ |
| EPS growth (YoY) | 13.9% | 13.5% | ↓ |
| Gross margin | 56.0% | 30.6% | ↓ |
| Operating margin | 44.4% | 25.3% | ↓ |
| FCF margin | 38.8% | 49.3% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 4.5% | 5.8% | ↓ | Bottom 44% |
| EPS growth (TTM, YoY) | 13.5% | 13.9% | ↓ | Top 46% |
| Gross margin | 30.6% | 56.0% | ↓ | Bottom 37% |
| Operating margin | 25.3% | 44.4% | ↓ | Top 50% |
| Net margin | 25.5% | 23.7% | ↑ | — |
| Free-cash-flow margin | 49.3% | 38.8% | ↑ | — |
| Return on invested capital | 3.7% | — | Bottom 49% | |
| Revenue growth, 3-year CAGR | 7.8% | — | Top 38% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.81×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -15.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 4.23×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.32%
- Net buyback yield (TTM)
- 3.44%
- Shareholder yield
- 7.76%
- Share count change, 1 year
- -2.3%
- Share count change, 3-year CAGR
- +0.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +72.8%
- Average 2-day reaction, last 8
- -0.6%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $36.41
- Target vs current price
- +21.0%
- Analysts with a rating
- 36
- Share rating Buy or Strong Buy
- 61%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +72.4% | -1.5% | +2.6% | +1.3% | — |
| May 6, 2026 | +98.5% | +0.5% | -2.2% | -0.1% | +3.5% |
| Feb 19, 2026 | +74.9% | -1.6% | -4.9% | -9.9% | +0.0% |
| Oct 29, 2025 | +45.2% | -2.3% | -1.3% | -1.6% | -2.3% |
| Jul 31, 2025 | +67.1% | -1.6% | -1.2% | +0.9% | -5.6% |
| May 1, 2025 | +101.9% | +1.3% | +3.7% | +0.3% | -5.6% |
| Feb 20, 2025 | +120.0% | +1.1% | -1.4% | +2.9% | +8.4% |
| Oct 29, 2024 | +37.7% | -1.2% | -7.9% | -0.5% | -9.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $0.31 | $0.18 | +72.4% | $470.1M |
| May 6, 2026 | $0.35 | $0.18 | +98.5% | $472.0M |
| Feb 19, 2026 | $0.33 | $0.19 | +74.9% | $455.0M |
| Oct 29, 2025 | $0.27 | $0.19 | +45.2% | $478.5M |
| Jul 31, 2025 | $0.28 | $0.17 | +67.1% | $457.5M |
| May 1, 2025 | $0.30 | $0.15 | +101.9% | $459.3M |
| Feb 20, 2025 | $0.33 | $0.15 | +120.0% | $436.6M |
| Oct 29, 2024 | $0.20 | $0.15 | +37.7% | $445.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 23.9× | 38.2× | 0th | Top 37% |
| P/E (forward) | 27.6× | — | — | — |
| EV / EBITDA | 13.3× | — | — | Top 32% |
| EV / Sales | 8.48× | — | — | Top 46% |
| Free-cash-flow yield | 8.52% | — | — | Top 31% |
| Earnings yield | 4.19% | — | — | Top 37% |
P/E over the past five years
Range 25.0× – 137.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -8.0%
- Earnings per share growth (TTM)
- +13.5%
- Change in P/E multiple
- -16.3%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -3.0%
- 200-day average slope (20 days)
- -0.1%
- Distance from 50-day average
- -8.2%
- Distance from 200-day average
- -5.0%
- RSI (14)
- 24.1
- Relative volume
- 1.09×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 15.9%
- Volatility vs own 5-year history
- 4th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.28
- Correlation with S&P 500
- 0.20
- Current drawdown from 1-year high
- -13.6%
- Maximum drawdown, 3 years
- -33.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 31, 2021 | Mar 20, 2026 | -37.2% | 1057 days | Not yet recovered |
| Sep 2, 2021 | Sep 30, 2021 | -10.5% | 19 days | 60 days (Dec 27, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $10.87B
- P/E (TTM)
- 23.9
- EPS, diluted (TTM)
- $1.26
- Revenue (TTM)
- $1.88B
- Dividend yield
- 4.29%
- 52-week range
- $27.22 – $35.07
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.30B | $1.49B | $1.62B | $1.73B | $1.87B |
| Gross profit | $701.1M | $802.3M | $883.9M | $961.3M | $62.8M |
| Operating income | $644.6M | $731.5M | $806.3M | $874.3M | $451.9M |
| Net income | $189.1M | $273.1M | $380.2M | $412.4M | $453.0M |
| EPS (diluted) | $0.41 | $0.71 | $1.01 | $1.08 | $1.18 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $445.1M | $436.6M | $459.3M | $457.5M | $478.5M | $459.3M | $472.0M | $470.1M |
| Net income | $77.3M | $126.7M | $113.5M | $109.0M | $102.9M | $127.3M | $131.3M | $117.1M |
| EPS (diluted) | $0.20 | $0.33 | $0.30 | $0.28 | $0.27 | $0.33 | $0.35 | $0.31 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $595.2M | $665.5M | $738.7M | $811.5M | $864.3M |
| Capital expenditure | -$122.6M | -$138.8M | -$134.2M | -$121.8M | -$118.2M |
| Free cash flow | $472.6M | $526.7M | $604.5M | $689.8M | $746.1M |
| Dividends paid | -$146.2M | -$252.5M | -$319.5M | -$383.5M | -$446.3M |
| Net share buybacks | $234.3M | $411.4M | $404.7M | $149.2M | -$144.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $83.7M
- Total assets
- $13.10B
- Total liabilities
- $5.66B
- Total debt
- $5.15B
- Net debt
- $5.07B
- Shareholders’ equity
- $6.81B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $0.33 | Sep 30, 2026 |
| Jun 15, 2026 | $0.33 | Jun 30, 2026 |
| Mar 13, 2026 | $0.33 | Mar 31, 2026 |
| Dec 15, 2025 | $0.30 | Dec 31, 2025 |
| Sep 15, 2025 | $0.30 | Sep 30, 2025 |
| Jun 13, 2025 | $0.30 | Jun 30, 2025 |
| Mar 14, 2025 | $0.30 | Mar 31, 2025 |
| Dec 13, 2024 | $0.26 | Dec 31, 2024 |
Short interest
- Shares sold short
- 11,598,362
- Days to cover
- 4.86
- Change vs previous report
- +7.2%
FINRA short interest, settlement date Sep 15, 2026.