KBW analyst Jade Rahmani reiterated a Buy rating on American Homes (NYSE: AMH) yesterday and set a price target of $26. The company’s shares closed yesterday at $22.59, close to its 52-week high of $23.12.
According to TipRanks.com, Rahmani is a 4-star analyst with an average return of 12.0% and a 70.8% success rate. Rahmani covers the Financial sector, focusing on stocks such as Jones Lang Lasalle Inc, Invitation Homes Inc, and Arbor Realty Trust.
Currently, the analyst consensus on American Homes is a Strong Buy with an average price target of $26.33, representing a 16.6% upside. In a report released yesterday, Mizuho Securities also reiterated a Buy rating on the stock with a $25 price target.
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Based on American Homes’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $3.17 million. In comparison, last year the company had a net profit of $15.1 million.
Based on the recent corporate insider activity of 41 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 is a real estate investment trust, which engages in the acquisition, renovation, leasing, and operating single-family home as rental properties. The company was founded by Bradley Wayne Hughes Sr. on June 23, 2011 and is headquartered in Agoura Hills, CA.
