Morgan Stanley Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $38.50

Key Points

• Morgan Stanley lowered its price target on American Homes 4 Rent (NYSE: AMH) from $39.00 to $38.50 while keeping an overweight rating, implying about 19.8% upside from the current price.
• Analyst sentiment on AMH remains mixed, with the stock carrying a consensus Hold rating and an average target price of $34.97 across Wall Street coverage.
• AMH recently posted better-than-expected quarterly earnings, reporting $0.48 EPS versus the $0.18 estimate and revenue of $472.02 million, while the shares traded around $32.15 on Wednesday.

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its target price dropped by Morgan Stanley from $39.00 to $38.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Morgan Stanley's target price points to a potential upside of 19.77% from the company's current price.

A number of other equities analysts also recently weighed in on AMH. Scotiabank boosted their target price on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the stock a "sector perform" rating in a report on Thursday, May 21st. Barclays lifted their price objective on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, April 27th. Citigroup dropped their target price on shares of American Homes 4 Rent from $34.50 to $33.50 and set a "neutral" rating on the stock in a report on Monday, March 2nd. Citizens Jmp cut their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set a "market outperform" rating for the company in a research note on Monday, February 23rd. Finally, Weiss Ratings upgraded American Homes 4 Rent from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, May 20th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $34.97.

American Homes 4 Rent Trading Up 0.3%

Shares of AMH stock traded up $0.11 on Wednesday, hitting $32.15. The stock had a trading volume of 416,162 shares, compared to its average volume of 3,940,595. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $38.01. The company has a fifty day moving average price of $30.15 and a two-hundred day moving average price of $30.85. The firm has a market cap of $11.59 billion, a P/E ratio of 26.14, a PEG ratio of 4.25 and a beta of 0.82.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The firm had revenue of $472.02 million for the quarter, compared to the consensus estimate of $470.62 million. During the same period last year, the company posted $0.46 EPS. The business's quarterly revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, analysts forecast that American Homes 4 Rent will post 1.93 earnings per share for the current fiscal year.

Insider Activity

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 1,200 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average cost of $24.20 per share, with a total value of $29,040.00. Following the completion of the purchase, the director directly owned 44,717 shares of the company's stock, valued at $1,082,151.40. This represents a 2.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jack E. Corrigan bought 2,041 shares of the firm's stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the transaction, the director owned 17,000 shares of the company's stock, valued at approximately $400,010. The trade was a 13.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 8,200 shares of company stock worth $204,664. Insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds have recently made changes to their positions in the stock. Axiom Investment Management LLC acquired a new stake in American Homes 4 Rent in the first quarter valued at approximately $223,000. Bank of America Corp DE increased its holdings in shares of American Homes 4 Rent by 69.0% during the first quarter. Bank of America Corp DE now owns 1,609,254 shares of the real estate investment trust's stock worth $44,930,000 after buying an additional 656,937 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of American Homes 4 Rent by 1.2% in the 1st quarter. Edgestream Partners L.P. now owns 151,430 shares of the real estate investment trust's stock valued at $4,228,000 after acquiring an additional 1,807 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of American Homes 4 Rent by 76.1% during the 1st quarter. Quantinno Capital Management LP now owns 1,358,273 shares of the real estate investment trust's stock valued at $37,923,000 after acquiring an additional 587,176 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in American Homes 4 Rent by 113.2% during the 1st quarter. Lazard Asset Management LLC now owns 57,092 shares of the real estate investment trust's stock worth $1,594,000 after acquiring an additional 30,315 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

About American Homes 4 Rent

American Homes 4 Rent NYSE: AMH is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today's renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.

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