American Homes 4 Rent (NYSE:AMH) : Traders are bullish on American Homes 4 Rent (NYSE:AMH) as it has outperformed the S&P 500 by a wide margin of 14.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.07%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.36% in the last 1 week, and is up 16.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 27.16% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $21.03 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.81 and the 200 Day Moving Average price is recorded at $16.34.
The stock has recorded a 20-day Moving Average of 9.39% and the 50-Day Moving Average is 15.66%.
American Homes 4 Rent (NYSE:AMH): stock turned positive on Friday. Though the stock opened at $20.52, the bulls momentum made the stock top out at $20.95 level for the day. The stock recorded a low of $20.48 and closed the trading day at $20.93, in the green by 2.45%. The total traded volume for the day was 2,191,610. The stock had closed at $20.43 in the previous days trading.
In an insider trading activity, Benham Douglas N, director of American Homes 4 Rent had purchased 8,000 shares on July 5, 2016 in a transaction. The price per share was $25.2 and the total amount of the disclosed transaction was $201,600.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.