FMP

FMP

Evercore ISI Sets Price Target for AMH (NYSE:AMH)

  • Steve Sakwa from Evercore ISI has set a price target of $42 for AMH (NYSE:AMH), indicating a potential upside of about 19%.
  • AMH announced a quarterly dividend of $0.26 per share, showcasing its commitment to shareholder value.
  • The stock's current price is $36.96, with a year's trading range between $33.75 and $41.41, highlighting market volatility.

On November 11, 2024, Steve Sakwa from Evercore ISI set a price target of $42 for AMH (NYSE:AMH). At the time, the stock was priced at $35.30, suggesting a potential upside of about 19%. AMH is a leading owner, operator, and developer of single-family rental homes, structured as a Maryland real estate investment trust (REIT).

AMH recently announced a dividend of $0.26 per share for the fourth quarter of 2024, payable on December 31, 2024, to shareholders recorded by December 13, 2024. This dividend reflects the company's commitment to returning value to its shareholders. Additionally, AMH's Board of Trustees declared distributions on its preferred shares, with Series G and Series H receiving $0.36719 and $0.39063 per share, respectively.

The current stock price of AMH is $36.96, marking a $0.23 increase, or 0.63%, from the previous session. The stock has traded between $36.78 and $37.39 today. Over the past year, AMH's stock has fluctuated between a high of $41.41 and a low of $33.75, indicating some volatility in its market performance.

AMH's market capitalization is approximately $13.63 billion, reflecting its significant presence in the real estate sector. The trading volume on the NYSE is 1,750,751 shares, indicating active investor interest. As AMH continues to focus on acquiring, developing, and leasing single-family rental homes, it remains a key player in the real estate investment trust market.