American Homes 4 Rent (NYSE:AMH) Price Target Cut to $39.00

American Homes 4 Rent (NYSE:AMHGet Rating) had its price objective decreased by stock analysts at Morgan Stanley from $41.00 to $39.00 in a note issued to investors on Friday, Stock Target Advisor reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s target price indicates a potential upside of 4.73% from the company’s previous close.

AMH has been the subject of a number of other reports. Credit Suisse Group upped their price objective on American Homes 4 Rent from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 25th. B. Riley dropped their price target on American Homes 4 Rent from $47.00 to $43.00 in a research note on Wednesday, May 11th. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, May 17th. Jefferies Financial Group started coverage on shares of American Homes 4 Rent in a research note on Wednesday, April 20th. They set a “buy” rating and a $48.00 target price for the company. Finally, KeyCorp started coverage on American Homes 4 Rent in a report on Tuesday, February 1st. They issued a “sector weight” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent currently has an average rating of “Buy” and an average target price of $44.94.

Shares of AMH opened at $37.24 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. American Homes 4 Rent has a 12-month low of $34.79 and a 12-month high of $44.07. The company has a 50-day moving average of $39.30 and a two-hundred day moving average of $39.88. The stock has a market cap of $12.97 billion, a P/E ratio of 79.23, a PEG ratio of 2.86 and a beta of 0.58.

American Homes 4 Rent (NYSE:AMHGet Rating) last posted its earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $356.11 million during the quarter, compared to the consensus estimate of $355.76 million. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. As a group, analysts forecast that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.

In related news, Director Tamara Hughes Gustavson purchased 200,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average price of $35.71 per share, with a total value of $7,142,000.00. Following the acquisition, the director now owns 8,830,956 shares of the company’s stock, valued at approximately $315,353,438.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas N. Benham bought 1,275 shares of the business’s stock in a transaction on Tuesday, March 15th. The shares were acquired at an average price of $25.41 per share, with a total value of $32,397.75. The disclosure for this purchase can be found here. Insiders acquired 201,981 shares of company stock valued at $7,194,098 over the last 90 days. Corporate insiders own 6.03% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP boosted its holdings in American Homes 4 Rent by 97.9% in the first quarter. First Trust Advisors LP now owns 162,323 shares of the real estate investment trust’s stock valued at $3,688,000 after acquiring an additional 80,314 shares in the last quarter. Morgan Stanley increased its holdings in shares of American Homes 4 Rent by 264.5% in the 2nd quarter. Morgan Stanley now owns 876,656 shares of the real estate investment trust’s stock worth $34,057,000 after purchasing an additional 636,134 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of American Homes 4 Rent by 70.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,005 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 830 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in American Homes 4 Rent during the 3rd quarter valued at $238,000. Finally, Wolverine Trading LLC lifted its stake in shares of American Homes 4 Rent by 155.9% in the 3rd quarter. Wolverine Trading LLC now owns 21,407 shares of the real estate investment trust’s stock worth $834,000 after purchasing an additional 13,041 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

American Homes 4 Rent Company Profile (Get Rating)

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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