American Homes 4 Rent (NYSE:AMH) Stock Price Expected to Rise, Morgan Stanley Analyst Says

American Homes 4 Rent (NYSE:AMH) had its price objective increased by analysts at Morgan Stanley from $39.00 to $40.50 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target indicates a potential upside of 6.78% from the company’s previous close.

Several other analysts have also recently commented on the company. Barclays raised their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Evercore ISI increased their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Royal Bank of Canada raised their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Finally, Scotiabank boosted their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.89.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $37.93 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The firm’s 50 day moving average is $36.94 and its two-hundred day moving average is $36.52. The firm has a market capitalization of $14.04 billion, a P/E ratio of 35.12, a P/E/G ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. Research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 4,000 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was purchased at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the transaction, the director now owns 12,000 shares of the company’s stock, valued at $281,040. The trade was a 50.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the completion of the transaction, the chief accounting officer now owns 99,214 shares in the company, valued at approximately $3,870,338.14. This represents a 29.99% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.32% of the company’s stock.

Institutional Trading of American Homes 4 Rent

Several large investors have recently made changes to their positions in AMH. Norges Bank acquired a new position in American Homes 4 Rent in the 4th quarter valued at $822,019,000. Invesco Ltd. lifted its holdings in shares of American Homes 4 Rent by 186.2% during the 4th quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust’s stock worth $235,476,000 after acquiring an additional 4,094,177 shares during the period. Nuveen LLC acquired a new stake in American Homes 4 Rent during the first quarter valued at approximately $113,669,000. Deutsche Bank AG grew its position in American Homes 4 Rent by 336.7% in the first quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust’s stock valued at $116,453,000 after acquiring an additional 2,374,678 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of American Homes 4 Rent by 15.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock worth $601,169,000 after purchasing an additional 2,094,497 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

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.