Bank of America Securities Reaffirms Their Buy Rating on American Homes (AMH)

Bank of America Securities analyst Jeffrey Spector maintained a Buy rating on American Homes today. The company’s shares opened today at $32.45.

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Spector covers the Real Estate sector, focusing on stocks such as Agree Realty, Welltower, and American Homes. According to TipRanks, Spector has an average return of 4.2% and a 53.19% success rate on recommended stocks.

Currently, the analyst consensus on American Homes is a Moderate Buy with an average price target of $39.36, implying a 21.29% upside from current levels. In a report released on October 2, Wolfe Research also upgraded the stock to a Buy with a $38.00 price target.

Based on American Homes’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $457.5 million and a net profit of $109.04 million. In comparison, last year the company earned a revenue of $423.49 million and had a net profit of $95.63 million

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is neutral on the stock. Last month, Matthew Hart, a Director at AMH sold 23,270.00 shares for a total of $801,418.80.