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

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its price target hoisted by equities researchers at Morgan Stanley from $39.00 to $40.50 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Morgan Stanley's price target would suggest a potential upside of 6.78% from the company's current price.

Other research analysts also recently issued reports about the company. Barclays raised their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 12th. Royal Bank of Canada boosted their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Keefe, Bruyette & Woods increased their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Tuesday, May 6th. Evercore ISI boosted their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Mizuho cut their price target on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $40.89.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $37.93 on Thursday. The stock's fifty day moving average is $36.94 and its 200 day moving average is $36.52. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The firm has a market capitalization of $14.04 billion, a PE ratio of 35.12, a PEG ratio of 3.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The firm had revenue of $459.28 million during the quarter, compared to analysts' expectations of $449.00 million. During the same period in the previous year, the company earned $0.43 EPS. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Activity

In other news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were purchased at an average cost of $23.42 per share, with a total value of $93,680.00. Following the completion of the acquisition, the director now owns 12,000 shares of the company's stock, valued at approximately $281,040. This represents a 50.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the company's stock in a transaction dated Monday, May 5th. The stock was 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 of the company's stock, valued at approximately $3,870,338.14. This trade represents a 29.99% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.32% of the company's stock.

Hedge Funds Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth $26,000. Golden State Wealth Management LLC acquired a new position in American Homes 4 Rent during the first quarter worth about $29,000. National Pension Service purchased a new stake in American Homes 4 Rent during the 4th quarter valued at about $30,000. Parallel Advisors LLC lifted its position in American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after buying an additional 532 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new position in American Homes 4 Rent during the first quarter worth about $38,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

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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