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

American Homes 4 Rent (NYSE:AMH) had its target price boosted by Morgan Stanley from $40.50 to $41.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the stock. Citigroup lowered shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Friday, June 6th. Raymond James Financial upped 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 research report on Friday, May 9th. Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Evercore ISI boosted their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, Scotiabank raised their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.07.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.0190 on Tuesday. The company has a market capitalization of $12.99 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 2.91 and a beta of 0.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a fifty day moving average of $35.70 and a 200-day moving average of $36.26. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results 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 return on equity of 5.60% and a net margin of 23.72%.The company had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. During the same period in the previous year, the firm earned $0.45 earnings per share. American Homes 4 Rent’s revenue for the quarter 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, equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average price of $22.93 per share, with a total value of $91,720.00. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at $343,950. The trade was a 36.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.01% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GF Fund Management CO. LTD. grew its holdings in American Homes 4 Rent by 5.1% during the first quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 304 shares during the last quarter. Arizona State Retirement System boosted its holdings 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 worth $3,630,000 after buying an additional 366 shares during the period. Avantax Advisory Services Inc. grew its stake in American Homes 4 Rent by 1.1% in 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 buying an additional 391 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in American Homes 4 Rent by 0.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust’s stock worth $3,841,000 after acquiring an additional 400 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in American Homes 4 Rent by 0.7% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,490 shares of the real estate investment trust’s stock worth $2,401,000 after acquiring an additional 452 shares during the period. 91.87% of the stock is owned by 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.