American Homes 4 Rent (NYSE:AMH) : The most positive equity analysts on American Homes 4 Rent (NYSE:AMH) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $19 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $19.75 with an expected fluctuation of $0.96 from the mean.
Other Equity analysts have also commented 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.
American Homes 4 Rent (NYSE:AMH): stock turned positive on Thursday. Though the stock opened at $18.94, the bulls momentum made the stock top out at $19.08 level for the day. The stock recorded a low of $18.9 and closed the trading day at $18.99, in the green by 0.96%. The total traded volume for the day was 3,341,385. The stock had closed at $18.81 in the previous days trading.
The company shares have rallied 16.04% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $18.86 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $17.89 and the 200 Day Moving Average price is recorded at $16.02. 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.
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.