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 1.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.09%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.02% in the last 1 week, and is up 5.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.41% and the 50-Day Moving Average is 11.94%. American Homes 4 Rent is up 37.55% in the last 3-month period. Year-to-Date the stock performance stands at 31.04%.
American Homes 4 Rent (NYSE:AMH): stock turned positive on Friday. Though the stock opened at $21.38, the bulls momentum made the stock top out at $21.77 level for the day. The stock recorded a low of $21.38 and closed the trading day at $21.7, in the green by 1.26%. The total traded volume for the day was 970,592. The stock had closed at $21.43 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.