Morgan Stanley Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $38.00

American Homes 4 Rent (NYSE:AMH) had its price target trimmed by Morgan Stanley from $38.50 to $38.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group raised American Homes 4 Rent to a “strong-buy” rating in a report on Wednesday, July 22nd. UBS Group raised their price objective on American Homes 4 Rent from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada lifted their target price on American Homes 4 Rent from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Mizuho boosted their target price on American Homes 4 Rent from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 17th. Finally, Compass Point began coverage on American Homes 4 Rent in a research report on Tuesday, April 28th. They set a “buy” rating and a $37.50 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.78.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $34.10 on Wednesday. The company has a 50-day moving average of $33.48 and a 200-day moving average of $31.52. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 6.19 and a beta of 0.79. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.85.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business had revenue of $470.10 million for the quarter, compared to the consensus estimate of $466.51 million. During the same period in the previous year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Analysts forecast that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jack E. Corrigan purchased 2,041 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the acquisition, the director directly owned 17,000 shares of the company’s stock, valued at $400,010. The trade was a 13.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB lifted its holdings in shares of American Homes 4 Rent by 10,728.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 751 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 441 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of American Homes 4 Rent by 84.8% during the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 442 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in American Homes 4 Rent during the fourth quarter valued at $35,000. Finally, Bessemer Group Inc. raised its position in American Homes 4 Rent by 70.3% during the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 483 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Company Profile

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.