American Homes 4 Rent (AMH) has risen sharply, recording gains of 6.81% in the past 4 weeks. However, the stock has corrected -0.8% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.72% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.94% and the 50-Day Moving Average is 10.22%. American Homes 4 Rent (NYSE:AMH): On Fridays trading session , Opening price of the stock was $22.33 with an intraday high of $22.6. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.23. However, the stock managed to close at $22.27, a loss of 0.13% for the day. On the previous day, the stock had closed at $22.3. The total traded volume of the day was 1,258,631 shares.
The company Insiders own 23.31% of American Homes 4 Rent shares according to the proxy statements. Institutional Investors own 71.49% of American Homes 4 Rent shares. Also, Brokerage firm Keefe Bruyette & Woods maintains its rating on American Homes 4 Rent (NYSE:AMH). As per the latest information, the brokerage house lowers the price target to $22 per share from a prior target of $19. The shares have been rated Market Perform. The rating by the firm was issued on August 8, 2016.
American Homes 4 Rent is an internally managed real estate investment trust (REIT). The Company focuses on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company has an integrated operating platform that consists of personnel engaged in property management, acquisitions, construction, marketing, leasing, financial and administrative functions. As of December 31, 2014, the Companys entire portfolio of single-family properties was internally managed through its property management platform. The Companys single-family properties include Dallas-Fort Worth, Texas; Indianapolis, Indiana; Atlanta, Georgia; Charlotte, North Carolina; Greater Chicago area, Illinois and Indiana; Cincinnati, Ohio; Houston, Texas; Tampa, Florida; Phoenix, Arizona, and Jacksonville, Florida, among others.