In a report released yesterday, Steve Sakwa from Evercore ISI maintained a Buy rating on American Homes (AMH – Research Report), with a price target of $45.00. The company’s shares closed last Friday at $37.41.
According to TipRanks.com, Sakwa is a 3-star analyst with an average return of 1.4% and a 49.2% success rate. Sakwa covers the Financial sector, focusing on stocks such as Corporate Office Properties, Healthpeak Properties, and Host Hotels & Resorts.
Currently, the analyst consensus on American Homes is a Moderate Buy with an average price target of $45.45, representing a 22.4% upside. In a report issued on April 21, RBC Capital also maintained a Buy rating on the stock with a $46.00 price target.
American Homes’ market cap is currently $13.01B and has a P/E ratio of 90.57.
Based on the recent corporate insider activity of 48 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating single-family home as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Agoura Hills, CA.
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