American Homes 4 Rent (AMH) : 6 analysts are covering American Homes 4 Rent (AMH) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
American Homes 4 Rent (AMH) : 4 investment research analysts covering American Homes 4 Rent (AMH) have an average price target of $20.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $22 and the lowest target is $19 for the short term. Analysts expect the variance to be within $1.29 of the average price.
American Homes 4 Rent (NYSE:AMH): The stock opened at $20.77 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.03 for the day. The stock traded down to $20.67 during the day, due to lack of any buying support eventually closed down at $20.77 with a loss of -0.29% for the day. The stock had closed at $20.83 on the previous day. The total traded volume was 3,680,026 shares.
The company shares have rallied 27.17% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $20.87 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.53 and the 200 Day Moving Average price is recorded at $16.25.
American Homes 4 Rent is an internally managed real estate investment trust (REIT). The Company focuses on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company has an integrated operating platform that consists of personnel engaged in property management, acquisitions, construction, marketing, leasing, financial and administrative functions. As of December 31, 2014, the Companys entire portfolio of single-family properties was internally managed through its property management platform. The Companys single-family properties include Dallas-Fort Worth, Texas; Indianapolis, Indiana; Atlanta, Georgia; Charlotte, North Carolina; Greater Chicago area, Illinois and Indiana; Cincinnati, Ohio; Houston, Texas; Tampa, Florida; Phoenix, Arizona, and Jacksonville, Florida, among others.