American Homes 4 Rent (NYSE:AMH) Price Target Cut to $38.00 by Analysts at Morgan Stanley

American Homes 4 Rent (NYSE:AMH) had its price objective decreased by analysts at Morgan Stanley from $38.50 to $38.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective would indicate a potential upside of 12.69% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. UBS Group boosted their target price on shares of American Homes 4 Rent from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Jefferies Financial Group upgraded shares of American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of American Homes 4 Rent in a report on Friday, June 26th. Wells Fargo & Company boosted their price target on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Barclays upped their price objective on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $36.78.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded down $0.15 during midday trading on Wednesday, hitting $33.72. 329,588 shares of the company were exchanged, compared to its average volume of 3,411,856. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $12.16 billion, a P/E ratio of 26.76, a PEG ratio of 6.17 and a beta of 0.79. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $35.85. The firm has a 50 day simple moving average of $33.41 and a 200-day simple moving average of $31.47.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The business had revenue of $470.10 million for the quarter, compared to analyst estimates of $466.51 million. During the same quarter in the previous year, the firm earned $0.47 EPS. American Homes 4 Rent’s quarterly revenue 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. Research analysts forecast that American Homes 4 Rent will post 1.88 earnings per share for the current year.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 2,041 shares of the stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the purchase, the director owned 17,000 shares in the company, valued at $400,010. This represents a 13.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of American Homes 4 Rent in the fourth quarter worth about $710,672,000. Principal Financial Group Inc. grew its stake in shares of American Homes 4 Rent by 19.8% during the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock valued at $528,736,000 after purchasing an additional 3,126,434 shares during the last quarter. State Street Corp increased its holdings in shares of American Homes 4 Rent by 2.2% in the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after purchasing an additional 399,894 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of American Homes 4 Rent by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust’s stock valued at $235,572,000 after purchasing an additional 161,676 shares in the last quarter. Finally, Invesco Ltd. raised its position in American Homes 4 Rent by 30.1% in the 4th quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust’s stock worth $197,789,000 after purchasing an additional 1,425,912 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

About American Homes 4 Rent

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.