American Homes 4 Rent (NYSE:AMH) Given New $41.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley has raised its price target for American Homes 4 Rent (NYSE:AMH) from $40.50 to $41.00, indicating a potential upside of 17.67% from the stock's last close.
• American Homes 4 Rent reported $0.47 earnings per share for its latest quarter, outperforming analysts' expectations while revenue increased by 8.0% year-over-year.
• The company's consensus rating among analysts is a "Moderate Buy" with a price target of approximately $41.07.

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its price objective hoisted by research analysts at Morgan Stanley from $40.50 to $41.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. Morgan Stanley's price objective would indicate a potential upside of 17.67% from the stock's previous close.

A number of other research analysts have also recently commented on the stock. Barclays reduced their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Evercore ISI raised their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a report on Friday, June 6th. Raymond James Financial lifted their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Scotiabank lifted their price target on shares of 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. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.07.

American Homes 4 Rent Trading Up 1.3%

NYSE:AMH traded up $0.4340 during mid-day trading on Tuesday, hitting $34.8440. 1,132,923 shares of the company's stock were exchanged, compared to its average volume of 2,209,614. The company has a 50 day simple moving average of $35.73 and a 200-day simple moving average of $36.27. The firm has a market capitalization of $12.92 billion, a P/E ratio of 31.35, a PEG ratio of 2.94 and a beta of 0.72. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. During the same period in the prior year, the firm posted $0.45 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Transactions at American Homes 4 Rent

In related news, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the purchase, the director owned 15,000 shares of the company's stock, valued at approximately $343,950. The trade was a 36.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.01% of the company's stock.

Hedge Funds Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GF Fund Management CO. LTD. lifted its stake in American Homes 4 Rent by 5.1% during the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 304 shares during the period. Arizona State Retirement System increased its position in shares of American Homes 4 Rent by 0.4% during the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock valued at $3,630,000 after purchasing an additional 366 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of American Homes 4 Rent by 1.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock valued at $1,323,000 after purchasing an additional 391 shares during the last quarter. UniSuper Management Pty Ltd increased its position in shares of American Homes 4 Rent by 0.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust's stock valued at $3,841,000 after purchasing an additional 400 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of American Homes 4 Rent by 0.7% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,490 shares of the real estate investment trust's stock valued at $2,401,000 after purchasing an additional 452 shares during 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.

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