Zacks Investment Research reported on American Homes 4 Rent (NYSE:AMH), boosting its stock price target to $23.00 today
- Updated: October 4, 2016
Reporting a possible upside of 0.12%, Zacks Investment Research raised the price target of American Homes 4 Rent (NYSE:AMH) to $23.00
Previously on Thursday September 08, 2016, Raymond James reported about American Homes 4 Rent (NYSE:AMH) increased the target price from $24.00 to $26.00. At the time, this suggested an upside of 0.18%.
Showing a price of $20.56, American Homes 4 Rent (NYSE:AMH) traded -3.43% lower on the day. With the last close up 6.68% from the two hundred day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $21.79 and a two hundred day average of $19.27. Volume of trade was up over the average, with 3,305,294 shares of AMH changing hands over the typical 2,578,740
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American Homes 4 Rent has a with a one year low of $13.16 and a 52 week high of $22.99 AMH’s total market value is presently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 brokers have issued a research note on the stock. The consensus target price is $18.86 with three equity analysts rating the company a strong buy, 1 brokerage rating the company a buy, five brokers rating the stock a hold, 0 equity analysts rating the company a underperform, and lastly 0 firms rating the stock a sell.
More 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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