Morgan Stanley Boosts American Homes 4 Rent (NYSE:AMH) Price Target to $40.00

American Homes 4 Rent (NYSE:AMH) had its price objective raised by Morgan Stanley from $38.00 to $40.00 in a research report released on Tuesday, Price Targets.com reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on AMH. TheStreet upgraded American Homes 4 Rent from a c+ rating to a b- rating in a research note on Monday, March 1st. Royal Bank of Canada started coverage on American Homes 4 Rent in a research note on Tuesday, March 30th. They set an outperform rating and a $37.00 target price for the company. B. Riley raised their price objective on American Homes 4 Rent from $34.00 to $38.00 and gave the stock a buy rating in a research report on Thursday, April 1st. Zelman & Associates reiterated a hold rating on shares of American Homes 4 Rent in a research report on Monday, May 17th. Finally, Evercore ISI reiterated a hold rating on shares of American Homes 4 Rent in a research report on Tuesday, May 25th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $34.50.

Shares of NYSE:AMH opened at $39.26 on Tuesday. The firm’s 50 day simple moving average is $36.57. American Homes 4 Rent has a twelve month low of $25.90 and a twelve month high of $39.37. The company has a market cap of $12.46 billion, a P/E ratio of 130.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.85.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Wednesday, May 5th. The real estate investment trust reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. American Homes 4 Rent had a return on equity of 2.36% and a net margin of 12.47%. The firm had revenue of $312.57 million during the quarter, compared to the consensus estimate of $308.95 million. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, research analysts predict that American Homes 4 Rent will post 1.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.02%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 34.48%.

In related news, major shareholder B Wayne Et Al Hughes bought 54,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 12th. The stock was acquired at an average price of $36.93 per share, for a total transaction of $1,994,220.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David P. Singelyn sold 190,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $32.52, for a total value of $6,178,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 292,442 shares of company stock valued at $9,509,487 in the last 90 days. 6.61% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in AMH. Arkadios Wealth Advisors increased its holdings in American Homes 4 Rent by 173.0% during the 1st quarter. Arkadios Wealth Advisors now owns 759 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 481 shares in the last quarter. Tompkins Financial Corp acquired a new stake in American Homes 4 Rent during the 4th quarter valued at $28,000. Inspire Advisors LLC acquired a new stake in American Homes 4 Rent during the 4th quarter valued at $64,000. Ensign Peak Advisors Inc acquired a new stake in American Homes 4 Rent during the 1st quarter valued at $100,000. Finally, Focused Wealth Management Inc increased its holdings in American Homes 4 Rent by 69.6% during the 1st quarter. Focused Wealth Management Inc now owns 3,900 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 1,600 shares in the last quarter. 84.50% of the stock is owned by hedge funds and other institutional investors.

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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