American Homes 4 Rent EVP Buys $124,000 in Stock (AMH)
American Homes 4 Rent (NYSE:AMH) EVP David Goldberg bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was purchased at an average cost of $24.80 per share, for a total transaction of $124,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on AMH. Analysts at Raymond James upgraded shares of American Homes 4 Rent from an “outperform” rating to a “strong-buy” rating in a research note on Friday. They now have a $19.00 price target on the stock. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $18.57.
American Homes 4 Rent (NYSE:AMH) traded up 2.27% during mid-day trading on Friday, hitting $18.49. 1,247,426 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 $18.52. The stock has a 50-day moving average of $17.92 and a 200-day moving average of $16.99. The company’s market cap is $3.430 billion.
American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the 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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