UPDATE: Morgan Stanley Initiates Coverage on American Residential Properties with Overweight Rating, $24 PT on Valuation


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


In a report published Tuesday, Morgan Stanley analyst Haendel E. St. Juste initiated coverage on

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

American Residential Properties (NYSE: ARPI) with an Overweight rating and $24.00 price target.In the report, Morgan Stanley noted, “At current valuation, we think ARPI offers a compelling opportunity to invest at a price that underappreciates future growth, home price appreciation (HPA), and platform value. Through further HPA and cash flow growth, we believe that ARPI's liquidation value could exceed the current stock price in less than a year, and we also expect the premium to underlying asset value to expand over time as ARPI proves its platform value and ability to lease-up homes and grow cash flow. As such, we are initiating with an Overweight rating and YE'14 price target of $24.”American Residential Properties closed on Monday at $19.55.
Posted In: Analyst ColorInitiationAnalyst RatingsHaendel E. St. JusteMorgan Stanley