American Homes 4 Rent (NYSE:AMH) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 6, 2016
Zacks Investment Research has downgraded American Homes 4 Rent (NYSE:AMH) to Hold in a statement released on Thursday October 06, 2016.
On 10/04/2016, Zacks Investment Research released a statement on American Homes 4 Rent (NYSE:AMH) bumped up the target price from $0.00 to $23.00 that suggested an upside of 0.12%.
Boasting a price of $20.18, American Homes 4 Rent (NYSE:AMH) traded 0.84% higher on the day. With the last close up 5.51% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. American Homes 4 Rent has recorded a 50-day average of $21.67 and a two hundred day average of $19.29. Volume of trade was down over the average, with 2,496,339 shares of AMH changing hands under the typical 2,571,160
With a total market value of $0, American Homes 4 Rent has with a one year low of $13.16 and a one year high of $22.99 .
A total of 7 analysts have released a research note on AMH. Three analysts rating the company a strong buy, one analyst rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $18.86.
More About American Homes 4 Rent (NYSE:AMH)
American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company's primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties. The Company operates in the segment with activities related to acquiring, renovating, leasing and operating single-family homes as rental properties. It owns approximately 38,780 single-family properties in over 20 states and has over 10 properties in escrow that it seeks to acquire. Approximately 36,400 or 93.9% of its properties are leased. Its integrated operating platform offers property management, acquisitions, construction, marketing, leasing, financial and administrative functions. It is externally managed and advised by American Homes 4 Rent Advisor, LLC (the Advisor).
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