Wells Fargo Maintains a Hold Rating on American Homes (AMH)

By Carrie Williams

Wells Fargo analyst Jeffrey Donnelly maintained a Hold rating on American Homes (AMHResearch Report) today. The company’s shares opened today at $22.63, close to its 52-week high of $23.34.

According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 6.1% and a 72.1% success rate. Donnelly covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Host Hotels & Resorts, and Camden Property Trust.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Homes with a $25 average price target.

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The company has a one-year high of $23.34 and a one-year low of $18.91. Currently, American Homes has an average volume of 2.11M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.

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American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating single-family home as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Agoura Hills, CA.