American Homes 4 Rent (AMH) has been under a strong bear grip, hence the stock is down -0.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.63% in the past 1 week. The stock has risen by 1.13% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.58% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.37% and the 50-Day Moving Average is 4.3%.The 200 Day SMA reached 28.7%. American Homes 4 Rent is up 25.39% in the last 3-month period. Year-to-Date the stock performance stands at 34.79%.
American Homes 4 Rent (NYSE:AMH): After opening at $22.03, the stock dipped to an intraday low of $22.03 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $22.53 and the buying power remained strong till the end. The stock closed at $22.32 for the day, a gain of 1.82% for the day session. The total traded volume was 1,850,651. The stocks close on the previous trading day was $21.92.
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.