Zacks Investment Research covered American Homes 4 Rent (NYSE:AMH), upping its target price to $23.00 today
- Updated: October 10, 2016
Yesterday American Homes 4 Rent (NYSE:AMH) traded -0.24% lower at $20.46. The company’s 50-day moving average is $21.56 and its 200-day moving average is $19.41. The last stock close price is up 5.13% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,263,082 shares of the stock were exchanged, down from an average trading volume of 2,525,620
American Homes 4 Rent (NYSE:AMH) had its target price raised to $23.00 by Zacks Investment Research in a report released Monday October 10, 2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.
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American Homes 4 Rent has a 52 week low of $13.16 and a 52 week high of $22.99 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 firms have issued a report on the stock. The consensus target price is $18.86 with 3 firms rating the stock a strong buy, 1 firm rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About American Homes 4 Rent (NYSE:AMH)
American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company's primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties. The Company operates in the segment with activities related to acquiring, renovating, leasing and operating single-family homes as rental properties. It owns approximately 38,780 single-family properties in over 20 states and has over 10 properties in escrow that it seeks to acquire. Approximately 36,400 or 93.9% of its properties are leased. Its integrated operating platform offers property management, acquisitions, construction, marketing, leasing, financial and administrative functions. It is externally managed and advised by American Homes 4 Rent Advisor, LLC (the Advisor).
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