American Homes 4 Rent (NYSE:AMH) has climbed 1.77% in the past week and advanced 3.32% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.99% and the outperformance has advanced to 2.38% for the last 4 weeks period.
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 $17.95 and $17.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.36, notching a gain of 1.89% for the day. The total traded volume was 5,617,477 . The stock had closed at $18.02 on the previous day.
The company shares have rallied 10.40% from its 1 Year high price. On May 27, 2016, the shares registered one year high at $18.81 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $17.65 and the 200 Day Moving Average price is recorded at $15.97.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Corrigan Jack E, director officer (Chief Operating Officer) of American Homes 4 Rent, had unloaded 1,000 shares at an average price of $26.5 in a transaction dated on June 2, 2016. The total value of the transaction was worth $26,500.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Keefe Bruyette & Woods downgrades the rating on American Homes 4 Rent (NYSE:AMH). The brokerage firm has issued a Market Outperform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on March 9, 2016. Currently the company Insiders own 23.31% of American Homes 4 Rent shares according to the proxy statements. Institutional Investors own 70.65% of American Homes 4 Rent shares.
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.