American Homes 4 Rent (NYSE:AMH) Price Target Lowered to $40.00 at Morgan Stanley

American Homes 4 Rent (NYSE:AMH) had its price target reduced by equities research analysts at Morgan Stanley from $41.00 to $40.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective indicates a potential upside of 25.63% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Wells Fargo & Company decreased their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, October 8th. Mizuho reduced their price target on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Evercore ISI decreased their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Scotiabank cut their target price on shares of American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Monday. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.57.

American Homes 4 Rent Trading Down 1.6%

Shares of AMH traded down $0.51 during midday trading on Thursday, hitting $31.84. 549,572 shares of the stock were exchanged, compared to its average volume of 2,386,598. American Homes 4 Rent has a 52-week low of $31.01 and a 52-week high of $39.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a fifty day simple moving average of $32.93 and a 200 day simple moving average of $35.18. The firm has a market cap of $11.82 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.85 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The firm had revenue of ($916.78) million for the quarter, compared to the consensus estimate of $475.75 million. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

Hedge Funds Weigh In On American Homes 4 Rent

Large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its holdings in American Homes 4 Rent by 9.8% in the 3rd quarter. Van ECK Associates Corp now owns 171,938 shares of the real estate investment trust’s stock valued at $5,717,000 after buying an additional 15,356 shares during the period. Fieldview Capital Management LLC boosted its position in shares of American Homes 4 Rent by 82.0% in the third quarter. Fieldview Capital Management LLC now owns 12,246 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 5,518 shares during the last quarter. Schroder Investment Management Group grew its holdings in American Homes 4 Rent by 311.2% in the third quarter. Schroder Investment Management Group now owns 1,374,162 shares of the real estate investment trust’s stock valued at $44,619,000 after purchasing an additional 1,040,001 shares during the period. Jefferies Financial Group Inc. acquired a new position in American Homes 4 Rent during the third quarter worth approximately $281,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in American Homes 4 Rent during the third quarter worth approximately $667,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

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.