American Homes 4 Rent (NYSE:AMH) Raised to Overweight at Morgan Stanley

American Homes 4 Rent (NYSE:AMH) was upgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Friday, Marketbeat reports. The brokerage presently has a $40.00 target price on the real estate investment trust’s stock, up from their previous target price of $39.00. Morgan Stanley’s price target suggests a potential upside of 15.61% from the stock’s previous close.

Several other analysts have also recently commented on the company. Mizuho increased their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a report on Thursday. Finally, Keefe, Bruyette & Woods reduced their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.67.

American Homes 4 Rent Trading Down 0.1 %

Shares of AMH stock opened at $34.60 on Friday. The company has a market capitalization of $12.78 billion, a P/E ratio of 36.04, a P/E/G ratio of 2.93 and a beta of 0.78. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $36.78 and a 200 day moving average price of $37.55.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Research analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Douglas N. Benham bought 3,286 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is owned by insiders.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds have recently modified their holdings of AMH. TCW Group Inc. bought a new stake in American Homes 4 Rent during the 3rd quarter worth approximately $962,000. Marshall Wace LLP bought a new stake in shares of American Homes 4 Rent during the second quarter worth $17,367,000. Catalyst Capital Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the third quarter worth $53,000. Swedbank AB lifted its position in American Homes 4 Rent by 25.0% in the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in American Homes 4 Rent by 6.6% in the 2nd quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust’s stock worth $11,437,000 after purchasing an additional 19,143 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.