Large Outflow of Money Witnessed in American Homes 4 Rent

American Homes 4 Rent (AMH) : The total money flow in American Homes 4 Rent (AMH) was negative ($3.42 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $6.23 million. Transactions on upticks were comparatively lower at $2.8 million. The uptick to downtick ratio was 0.45. The total block trades on downticks were valued at $3.2 million. The money flow during block trades was negative ($3.2 million) when the stock traded with a gain of $25 cent. American Homes 4 Rent (AMH) was $21.3, an increase of 1.19% over the previous days close.


American Homes 4 Rent (AMH) : The highest short term price target forecast on American Homes 4 Rent (AMH) is $24 and the lowest target price is $19. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $22 with a standard deviation of $2.16.

American Homes 4 Rent (NYSE:AMH): stock turned positive on Friday. Though the stock opened at $21.07, the bulls momentum made the stock top out at $21.34 level for the day. The stock recorded a low of $21 and closed the trading day at $21.27, in the green by 1.05%. The total traded volume for the day was 2,225,736. The stock had closed at $21.05 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of American Homes 4 Rent, Benham Douglas N, had purchased 8,000 shares in a transaction dated on July 5, 2016. The transaction was executed at $25.2 per share with total amount equaling $201,600.

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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