American Homes 4 Rent Rating Reiterated by Raymond James (AMH)
American Homes 4 Rent (NYSE:AMH)‘s stock had its “outperform” rating reaffirmed by Raymond James in a research note issued on Wednesday, Analyst Ratings Network reports. They currently have a $19.00 price objective on the stock, up from their previous price objective of $18.50. Raymond James’ target price points to a potential upside of 10.92% from the company’s current price.
American Homes 4 Rent (NYSE:AMH) traded up 0.53% on Wednesday, hitting $17.22. 1,409,391 shares of the company’s stock traded hands. American Homes 4 Rent has a 52-week low of $15.10 and a 52-week high of $17.60. The stock’s 50-day moving average is $16.40 and its 200-day moving average is $16.46. The company’s market cap is $3.194 billion.
American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Wednesday, May 7th. The company reported $0.12 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.12. Analysts expect that American Homes 4 Rent will post $0.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Sunday, June 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, June 11th.
Several other analysts have also recently commented on the stock. Analysts at Bank of America upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating in a research note on Thursday, March 20th. They now have a $19.00 price target on the stock, up previously from $18.00. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of American Homes 4 Rent in a research note on Friday, March 14th. They now have a $18.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods initiated coverage on shares of American Homes 4 Rent in a research note on Wednesday, March 5th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.43.
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