Seeking Alpha

Sell side weighs in on American Homes 4 Rent

  • With the post-IPO quiet period over, the ratings and analyst comments roll in on American Home 4 Rent (AMH -0.2%).
  • FBR Capital initiates with a Buy and $19 price target, with analyst Steve Stelmach believing the company offers the most effective single-family opportunity thanks to its scale and structure (internally managed). "At worst, AMH is a portfolio of assets with a cost basis below replacement costs and below NAV ... (and) management and shareholder interests are aligned."
  • Wells Fargo initiates with a Hold, believing the company can continue to acquire homes accretively and at below market prices (they make it sound so easy). "However, we believe uncertainties remain in this relatively new market."
  • Also rating the company a Buy is JPMorgan.
  • Credit Suisse and Bank of America add their names to the Hold contingent.
  • Previous: AMH cuts 15% of staff and will slow acquisition activity.
  • Interested onlookers will be shareholders of SBY, ARPI, and BX, not to mention Colony Capital (CLNY), which postponed its IPO of Colony American Homes (CAHS) this summer.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: