Morgan Stanley Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $37.50
American Homes 4 Rent (NYSE:AMH – Get Rating) had its price target lowered by equities research analysts at Morgan Stanley from $39.00 to $37.50 in a report issued on Friday, The Fly reports. Morgan Stanley’s target price would suggest a potential upside of 3.53% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. Mizuho decreased their price objective on American Homes 4 Rent from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, July 6th. Capital One Financial began coverage on American Homes 4 Rent in a research note on Friday, July 8th. They issued an “overweight” rating and a $43.00 price target for the company. Evercore ISI set a $40.00 price target on American Homes 4 Rent in a research note on Monday, June 20th. JPMorgan Chase & Co. decreased their price target on American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, March 22nd. Finally, B. Riley decreased their price target on American Homes 4 Rent from $47.00 to $43.00 in a research note on Wednesday, May 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.22.
American Homes 4 Rent Stock Up 2.0 %
Shares of NYSE AMH traded up $0.70 during mid-day trading on Friday, reaching $36.22. 31,535 shares of the company were exchanged, compared to its average volume of 2,855,283. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.55. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 77.02, a P/E/G ratio of 2.88 and a beta of 0.58. American Homes 4 Rent has a 1 year low of $32.60 and a 1 year high of $44.07. The firm has a 50-day moving average of $35.93 and a 200 day moving average of $38.55.
American Homes 4 Rent (NYSE:AMH – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $356.11 million during the quarter, compared to analysts’ expectations of $355.76 million. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. On average, research analysts expect that American Homes 4 Rent will post 1.56 earnings per share for the current year.
Insider Buying and Selling
In other American Homes 4 Rent news, Director Tamara Hughes Gustavson acquired 200,000 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were bought at an average cost of $35.71 per share, with a total value of $7,142,000.00. Following the completion of the acquisition, the director now owns 8,830,956 shares in the company, valued at $315,353,438.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 200,706 shares of company stock valued at $7,161,700 over the last ninety days. Company insiders own 6.03% of the company’s stock.
Institutional Trading of American Homes 4 Rent
Several institutional investors have recently bought and sold shares of AMH. Whittier Trust Co. of Nevada Inc. lifted its position in shares of American Homes 4 Rent by 31.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,172 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 279 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of American Homes 4 Rent by 0.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 114,931 shares of the real estate investment trust’s stock valued at $4,601,000 after acquiring an additional 358 shares in the last quarter. National Asset Management Inc. lifted its position in shares of American Homes 4 Rent by 6.1% in the fourth quarter. National Asset Management Inc. now owns 6,261 shares of the real estate investment trust’s stock valued at $274,000 after acquiring an additional 360 shares in the last quarter. Family Management Corp lifted its position in American Homes 4 Rent by 0.7% during the first quarter. Family Management Corp now owns 54,815 shares of the real estate investment trust’s stock worth $2,194,000 after buying an additional 363 shares in the last quarter. Finally, Hotaling Investment Management LLC lifted its position in American Homes 4 Rent by 6.5% during the first quarter. Hotaling Investment Management LLC now owns 6,349 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 389 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and “American Homes 4 Rent” is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider American Homes 4 Rent, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and American Homes 4 Rent wasn’t on the list.
While American Homes 4 Rent currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.