American Homes 4 Rent files to sell 13M Class A common shares Concurrently with the completion of the offering, the daughter of the company's Chairman of the Board of Trustees, B. Wayne Hughes, will purchase $50M of the company's Class A common shares in a private placement at the public offering price. Morgan Stanley will act as the book-running manager for this offering.
American Homes 4 Rent upgraded at Morgan Stanley As previously reported, Morgan Stanley upgraded American Homes 4 Rent to Overweight from Equal Weight. The firm upgraded shares based on valuation, superior scale and access to capital, and under appreciated growth potential and cash flows. Price target raised to $21 from $20.