The stock of American Homes 4 Rent (NYSE:AMH) last traded at $34.98, down -1.33% from the previous session.
Data from the available sources indicates that American Homes 4 Rent (NYSE:AMH) is covered by 21 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $34.00, we find $37.00. Given the previous closing price of $35.45, this indicates a potential upside of 4.37 percent. AMH stock price is now 1.21% away from the 50-day moving average and 2.22% away from the 200-day moving average. The market capitalization of the company currently stands at $12.66B.
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In total, 12 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $37.76 as their price target over the next twelve months.
With the price target of $35, UBS recently initiated with Neutral rating for American Homes 4 Rent (NYSE: AMH).
In other news, KROPP JAMES H, Director sold 6,852 shares of the company’s stock on Nov 16. The stock was sold for $249,892 at an average price of $36.47. Upon completion of the transaction, the Director now directly owns 29,202 shares in the company, valued at $1.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Director CORRIGAN JACK E sold 25,000 shares of the business’s stock. A total of $915,000 was realized by selling the stock at an average price of $36.60. This leaves the insider owning 103,789 shares of the company worth $3.63 million. Insiders disposed of 287,868 shares of company stock worth roughly $10.07 million over the past 1 year. A total of 8.05% of the company’s stock is owned by insiders.
With an opening price of $35.54 on Wednesday morning, American Homes 4 Rent (NYSE: AMH) set off the trading day. During the past 12 months, American Homes 4 Rent has had a low of $28.78 and a high of $37.97. According to the stock market information, the enterprise value for the company is $16.99B, which is based on a 33.49 price-to-earnings ratio, a 1.17 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for AMH is $34.56 and a two-hundred day moving average price translates $34.22 for the stock.
The latest earnings results from American Homes 4 Rent (NYSE: AMH) was released for Sep, 2023. According to the REIT – Residential Company, earnings per share came in at $0.2, beating analysts’ expectations of $0.11 by 0.09. This compares to $0.14 EPS in the same period last year. The net profit margin was 23.27% and return on equity was 5.85% for AMH. The company reported revenue of $421.7 million for the quarter, compared to $391.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.68 percent. For the current quarter, analysts expect AMH to generate $404.2M in revenue.
American Homes 4 Rent(AMH) Company Profile
American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading owner, operator and developer of single-family rental homes. We’re an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country. In recent years, we’ve been named one of Fortune’s 2022 Best Workplaces in Real Estate, a 2023 Great Place to Work, a 2023 Top U.S. Homebuilder by Builder100, one of America’s Most Responsible Companies 2023 and America’s Most Trustworthy Companies 2023 by Newsweek and Statista Inc., and a Top ESG Regional Performer by Sustainalytics. As of June 30, 2023, we owned nearly 59,000 single-family properties in the Southeast, Midwest, Southwest and Mountain West regions of the United States.
