In yesterday’s Wall Street session, American Homes 4 Rent (NYSE:AMH) shares traded at $35.24, down -3.98% from the previous session.
AMH stock price is now -8.97% away from the 50-day moving average and -4.24% away from the 200-day moving average. The market capitalization of the company currently stands at $12.92B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $48, Goldman recently initiated with Buy rating for American Homes 4 Rent (NYSE: AMH). On August 26, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $36 to quote $42, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, CORRIGAN JACK E, Director bought 100,000 shares of the company’s stock on Oct 31 ’24. The stock was bought for $3,622,500 at an average price of $36.23. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, Director BENHAM DOUGLAS N sold 1,700 shares of the business’s stock. A total of $62,139 was realized by selling the stock at an average price of $36.55. This leaves the insider owning 21,044 shares of the company worth $0.74 million. A total of 8.07% of the company’s stock is owned by insiders.
During the past 12 months, American Homes 4 Rent has had a low of $32.08 and a high of $41.41. According to the stock market information, the enterprise value for the company is $17956712448, which is based on a 36.79 price-to-earnings ratio, a 5.30 price-to-earnings-growth ratio, and a beta of 0.76. The fifty day moving average price for AMH is $38.7144 and a two-hundred day moving average price translates $36.80225 for the stock.
The latest earnings results from American Homes 4 Rent (NYSE: AMH) was released for 2024-09-30. The net profit margin was 20.49% and return on equity was 5.26% for AMH. The company reported revenue of $445.06 million for the quarter, compared to $421.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.54 percent.
