2 days ago
Morgan Stanley Sticks to Its Buy Rating for American Homes (AMH)
In a report released yesterday, Adam Kramer from Morgan Stanley maintained a Buy rating on American Homes, with a price target of $41.00. The company's shares closed yesterday at $34.41.
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According to TipRanks, Kramer is an analyst with an average return of -1.4% and a 35.71% success rate. Kramer covers the Real Estate sector, focusing on stocks such as Equity Residential, American Homes, and Equity Lifestyle.
In addition to Morgan Stanley, American Homes also received a Buy from BMO Capital's Juan C. Sanabria in a report issued yesterday. However, on August 12, Barclays maintained a Hold rating on American Homes (NYSE: AMH).
Based on American Homes' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $459.28 million and a net profit of $109.97 million. In comparison, last year the company earned a revenue of $423.56 million and had a net profit of $112.78 million
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMH in relation to earlier this year. Earlier this month, Jay Willoughby, a Director at AMH bought 1,459.00 shares for a total of $49,970.75.
