Morgan Stanley Raises American Homes 4 Rent (NYSE:AMH) Price Target to $41.00

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 target price increased by equities research analysts at Morgan Stanley from $40.50 to $41.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. Morgan Stanley's price target suggests a potential upside of 14.74% from the stock's current price.

AMH has been the subject of several other reports. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada raised their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Scotiabank raised their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Evercore ISI raised their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research report on Friday, June 6th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and an average price target of $41.07.

American Homes 4 Rent Stock Up 1.4%

NYSE AMH traded up $0.5030 on Tuesday, reaching $35.7330. The company had a trading volume of 2,831,422 shares, compared to its average volume of 2,027,722. The stock has a market capitalization of $13.25 billion, a P/E ratio of 32.19, a P/E/G ratio of 3.02 and a beta of 0.72. The company's fifty day moving average is $35.63 and its 200 day moving average is $36.27. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66.

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

Insiders Place Their Bets

In other news, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $22.93 per share, with a total value of $91,720.00. Following the acquisition, the director owned 15,000 shares in the company, valued at $343,950. The trade was a 36.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.32% of the company's stock.

Institutional Investors Weigh In On American Homes 4 Rent

Large investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in American Homes 4 Rent in the 1st quarter worth about $29,000. Hantz Financial Services Inc. boosted its stake in American Homes 4 Rent by 922.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 747 shares during the period. Parallel Advisors LLC boosted its stake in American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 532 shares during the period. AlphaQuest LLC bought a new position in American Homes 4 Rent in the 2nd quarter worth about $33,000. Finally, Pandora Wealth Inc. bought a new position in American Homes 4 Rent in the 1st quarter worth about $38,000. Hedge funds and other 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.