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 4.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.02%, 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 3.46% in the last 1 week, and is up 7.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
American Homes 4 Rent (NYSE:AMH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.14 and $21.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.45, notching a gain of 4.03% for the day. The total traded volume was 2,022,304 . The stock had closed at $21.58 on the previous day.
The stock has recorded a 20-day Moving Average of 5.75% and the 50-Day Moving Average is 13.46%. American Homes 4 Rent is up 31.57% in the last 3-month period. Year-to-Date the stock performance stands at 35.57%.
American Homes 4 Rent (AMH) : The most positive equity analysts on American Homes 4 Rent (AMH) expects the shares to touch $24, 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 $22 with an expected fluctuation of $2.16 from the mean.
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.