American Homes 4 Rent (AMH) has risen sharply, recording gains of 1.71% in the past 4 weeks. However, the stock has corrected -0.59% in the past 1 week, providing a good buying opportunity on dips. American Homes 4 Rent (AMH) : Traders are bullish on American Homes 4 Rent (AMH) as it has outperformed the S&P 500 by a wide margin of 1.92% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.07%, relative to the S&P 500.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.37% and the fifty day Moving Average is 4.81%. American Homes 4 Rent is up 19.11% in the last three month period. Year-to-Date the stock performance stands at 33.28%.
American Homes 4 Rent (AMH) : The highest level American Homes 4 Rent (AMH) is projected to reach is $26 for the short term and the lowest estimate is at $19. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $22.8 and the possibility the share price can swing is $2.59.
American Homes 4 Rent (NYSE:AMH): stock turned positive on Friday. Though the stock opened at $22.11, the bulls momentum made the stock top out at $22.165 level for the day. The stock recorded a low of $21.83 and closed the trading day at $22.07, in the green by 0.18%. The total traded volume for the day was 1,702,408. The stock had closed at $22.03 in the previous days trading.
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.