Wells Fargo Reaffirms Their Hold Rating on American Homes (AMH)

By Ryan Adsit

Wells Fargo analyst Todd Stender maintained a Hold rating on American Homes (AMHResearch Report) yesterday. The company’s shares closed last Tuesday at $22.60.

According to TipRanks.com, Stender is a 3-star analyst with an average return of 0.5% and a 53.3% success rate. Stender covers the Financial sector, focusing on stocks such as Diversified Healthcare Trust, National Storage Affiliates, and National Retail Properties.

Currently, the analyst consensus on American Homes is a Moderate Buy with an average price target of $26.75, representing a 15.1% upside. In a report issued on April 2, Goldman Sachs also downgraded the stock to Hold with a $24.00 price target.

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American Homes’ market cap is currently $6.7B and has a P/E ratio of 71.20. The company has a Price to Book ratio of 1.19.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.