American Homes 4 Rent [NYSE: AMH] stock went on a downward path that fall over -2.91% on Wednesday, amounting to a one-week price decrease of less than -6.02%.
Over the last 12 months, AMH stock rose by 13.98%. The one-year American Homes 4 Rent stock forecast points to a potential upside of 11.84. The average equity rating for AMH stock is currently 1.82, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $13.45 billion, with 364.30 million shares outstanding and 336.92 million shares in the current float. Compared to the average trading volume of 2.01M shares, AMH stock reached a trading volume of 4774387 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on American Homes 4 Rent [AMH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMH shares is $41.63 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMH stock is a recommendation set at 1.82. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for American Homes 4 Rent shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 04, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $36 to $42. The new note on the price target was released on August 26, 2024, representing the official price target for American Homes 4 Rent stock. Previously, the target price had yet another raise from $37 to $41, while Citigroup kept a Buy rating on AMH stock.
The Average True Range (ATR) for American Homes 4 Rent is set at 0.77, with the Price to Sales ratio for AMH stock in the period of the last 12 months amounting to 7.85. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 0.87. Price to Free Cash Flow for AMH in the course of the last twelve months was 17.13.
AMH Stock Performance Analysis:
American Homes 4 Rent [AMH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.02. With this latest performance, AMH shares dropped by -3.67% in over the last four-week period, additionally plugging by 2.14% over the last 6 months – not to mention a rise of 13.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMH stock in for the last two-week period is set at 36.26, with the RSI for the last a single of trading hit 32.03, and the three-weeks RSI is set at 39.34 for American Homes 4 Rent [AMH]. The present Moving Average for the last 50 days of trading for this stock 38.78, while it was recorded at 37.93 for the last single week of trading, and 36.80 for the last 200 days.
AMH Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Homes 4 Rent go to 6.94%.
American Homes 4 Rent [AMH] Institutonal Ownership Details
There are presently around $91.22%, or 98.93%% of AMH stock, in the hands of institutional investors. The top three institutional holders of AMH stocks are: VANGUARD GROUP INC with ownership of 45.19 million shares, which is approximately 12.329%. BLACKROCK INC., holding 40.82 million shares of the stock with an approximate value of $$1.52 billion in AMH stocks shares; and BLACKROCK INC., currently with $$816.31 million in AMH stock with ownership which is approximately 5.9936%.
