American Homes 4 Rent (NYSE:AMH) Upgraded by Morgan Stanley to “Overweight” Rating

American Homes 4 Rent (NYSE:AMH) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report issued on Friday, MarketBeat.com reports. The firm presently has a $40.00 target price on the real estate investment trust’s stock, up from their prior target price of $39.00. Morgan Stanley’s target price points to a potential upside of 15.59% from the company’s previous close.

Several other equities analysts have also issued reports on AMH. Keefe, Bruyette & Woods reduced their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research report on Thursday. JMP Securities reissued a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Mizuho upped their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.67.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $34.60 on Friday. The firm has a market capitalization of $12.79 billion, a P/E ratio of 36.05, a P/E/G ratio of 2.98 and a beta of 0.78. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The stock has a 50 day moving average price of $36.84 and a two-hundred day moving average price of $37.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

Insider Activity at American Homes 4 Rent

In related news, Director Douglas N. Benham bought 3,286 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by insiders.

Institutional Trading of American Homes 4 Rent

Several large investors have recently modified their holdings of the company. Maryland Capital Advisors Inc. bought a new stake in shares of American Homes 4 Rent during the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its holdings in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 604 shares during the last quarter. Assetmark Inc. increased its holdings in American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 790 shares during the last quarter. V Square Quantitative Management LLC raised its position in American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 275 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of American Homes 4 Rent during the 3rd quarter worth $53,000. Institutional investors own 91.87% of the company’s stock.

About American Homes 4 Rent

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.