American Homes 4 Rent Short Interest Up 52.1% in June (AMH)
American Homes 4 Rent (NYSE:AMH) saw a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 3,467,107 shares, an increase of 52.1% from the May 30th total of 2,280,184 shares, American Banking News reports. Currently, 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 915,609 shares, the days-to-cover ratio is currently 3.8 days.
A number of analysts have recently weighed in on AMH shares. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of American Homes 4 Rent in a research note on Wednesday, July 2nd. They now have a $18.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Homes 4 Rent in a research note on Monday, June 30th. They now have a $19.00 price target on the stock, up previously from $18.00. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of American Homes 4 Rent in a research note on Wednesday, May 14th. They now have a $19.00 price target on the stock, up previously from $18.50. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.57.
Shares of American Homes 4 Rent (NYSE:AMH) opened at 18.17 on Thursday. American Homes 4 Rent has a 1-year low of $15.10 and a 1-year high of $18.52. The stock has a 50-day moving average of $17.82 and a 200-day moving average of $16.90. The company’s market cap is $3.371 billion.
American Homes 4 Rent (NYSE:AMH) last released its earnings data 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 $0.61 EPS for the current fiscal year.
American Homes 4 Rent operates in the single-family home rental industry. The Company is an internally managed Maryland real estate investment trust (NYSE:AMH).
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