Shares of American Homes 4 Rent (NYSE:AMH) Sees Large Outflow of Money

American Homes 4 Rent (NYSE:AMH) : Net money flow in American Homes 4 Rent (NYSE:AMH) was negative ($11.75 million) and the inflow of money on uptick was $12.49 million, whereas, the outflow of money on downticks amounted to $24.24 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.52. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $6.42 million. On the other hand, the total value of block trades done on downticks was $18.37 million. The ratio of uptick to downtick block trades was 0.35. The money flow in block trades was negative ($11.95). American Homes 4 Rent (NYSE:AMH) gained $0.28 cent during the day and reached $20.26, a gain of 1.4% over the previous day.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chief Operating Officer) of American Homes 4 Rent, Corrigan Jack E had sold 1,000 shares worth of $26,500 in a transaction dated June 2, 2016. In this transaction, 1,000 shares were sold at $26.5 per share. Currently the company Insiders own 23.31% of American Homes 4 Rent shares according to the proxy statements. Institutional Investors own 70.21% of American Homes 4 Rent shares.

The company shares have rallied 21.90% from its 1 Year high price. On Jun 28, 2016, the shares registered one year high at $20.06 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.18 and the 200 Day Moving Average price is recorded at $16.12. American Homes 4 Rent (NYSE:AMH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.10 and $20.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.26, notching a gain of 1.40% for the day. The total traded volume was 4,640,069 . The stock had closed at $19.98 on the previous day.

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.

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