In a report released today, Drew Babin from Robert W. Baird reiterated a Buy rating on American Homes (NYSE: AMH), with a price target of $24. The company’s shares closed on Friday at $22.40, close to its 52-week high of $23.12.
According to TipRanks.com, Babin is a 4-star analyst with an average return of 8.9% and a 76.2% success rate. Babin covers the Financial sector, focusing on stocks such as Bluerock Residential Growth, Physicians Realty Trust, and Education Realty Trust.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Homes with a $25.80 average price target, representing a 15.2% upside. In a report issued on August 3, Mizuho Securities also reiterated a Buy rating on the stock with a $25 price target.
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The company has a one-year high of $23.12 and a one-year low of $18.39. Currently, American Homes has an average volume of 2.34M.
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.
