In a report released yesterday, Steve Sakwa from Evercore ISI maintained a Buy rating on American Homes (AMH), with a price target of $27.00. The company’s shares closed last Monday at $25.83, close to its 52-week high of $26.67.
According to TipRanks.com, Sakwa is a 3-star analyst with an average return of 3.2% and a 57.7% success rate. Sakwa covers the Financial sector, focusing on stocks such as Corporate Office Properties, MGM Growth Properties, and Park Hotels & Resorts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Homes with a $28.00 average price target, which is an 8.6% upside from current levels. In a report issued on November 8, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $29.00 price target.
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American Homes’ market cap is currently $7.76B and has a P/E ratio of 96.81. The company has a Price to Book ratio of 1.46.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.
