American Homes 4 Rent (NYSE:AMH – Get Rating) had its target price dropped by Morgan Stanley from $39.00 to $37.50 in a research report issued on Friday, The Fly reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target would suggest a potential upside of 3.96% from the stock’s current price.
Several other analysts also recently commented on the company. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday, June 13th. Evercore ISI set a $40.00 price target on American Homes 4 Rent in a research note on Monday, June 20th. Credit Suisse Group dropped their price target on American Homes 4 Rent from $44.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, June 23rd. Jefferies Financial Group dropped their price target on American Homes 4 Rent from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. Finally, Raymond James reissued a “strong-buy” rating and issued a $45.00 price target (down previously from $48.00) on shares of American Homes 4 Rent in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average price target of $43.22.
American Homes 4 Rent Price Performance
AMH stock opened at $36.07 on Friday. The company has a market capitalization of $12.56 billion, a PE ratio of 76.74, a P/E/G ratio of 2.92 and a beta of 0.58. American Homes 4 Rent has a 52-week low of $32.60 and a 52-week high of $44.07. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average is $35.90 and its two-hundred day moving average is $38.46.
American Homes 4 Rent (NYSE:AMH – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. The business had revenue of $356.11 million for the quarter, compared to the consensus estimate of $355.76 million. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. Analysts predict that American Homes 4 Rent will post 1.56 earnings per share for the current fiscal year.
Insider Buying and Selling
In other American Homes 4 Rent news, Director Tamara Hughes Gustavson purchased 200,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average price of $35.71 per share, for a total transaction of $7,142,000.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders acquired 200,706 shares of company stock worth $7,161,700. Company insiders own 6.03% of the company’s stock.
Institutional Investors Weigh In On American Homes 4 Rent
A number of institutional investors have recently made changes to their positions in the company. IFM Investors Pty Ltd bought a new stake in shares of American Homes 4 Rent during the second quarter worth approximately $2,138,000. Raymond James Trust N.A. boosted its holdings in shares of American Homes 4 Rent by 15.9% during the second quarter. Raymond James Trust N.A. now owns 6,129 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 842 shares during the period. Gateway Investment Advisers LLC boosted its holdings in shares of American Homes 4 Rent by 1.3% during the second quarter. Gateway Investment Advisers LLC now owns 363,549 shares of the real estate investment trust’s stock worth $12,884,000 after acquiring an additional 4,788 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of American Homes 4 Rent by 76.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,486 shares of the real estate investment trust’s stock worth $2,037,000 after acquiring an additional 24,981 shares during the period. Finally, Manning & Napier Group LLC boosted its holdings in shares of American Homes 4 Rent by 43.0% during the second quarter. Manning & Napier Group LLC now owns 250,717 shares of the real estate investment trust’s stock worth $8,884,000 after acquiring an additional 75,449 shares during the period. Institutional investors own 88.49% of the company’s stock.
About American Homes 4 Rent
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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