American Homes 4 Rent (AMH) has risen sharply, recording gains of 13.56% in the past 4 weeks. However, the stock has corrected -0.38% 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 8.81% 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 4.76% and the 50-Day Moving Average is 12.08%.
American Homes 4 Rent (NYSE:AMH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.78 and $20.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.85, notching a gain of 0.14% for the day. The total traded volume was 5,969,520 . The stock had closed at $20.82 on the previous day.
The company Insiders own 23.31% of American Homes 4 Rent shares according to the proxy statements. Institutional Investors own 70.12% of American Homes 4 Rent shares. In a related news, Benham Douglas N, director of American Homes 4 Rent, executed a transaction worth $201,600 on July 5, 2016. A total of 8,000 shares were purchased at an average price of $25.2. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.