Zacks Investment Research downgraded American Homes 4 Rent (NYSE:AMH) to Hold in a statement released earlier today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded American Homes 4 Rent (NYSE:AMH) to Hold in a report released on Wednesday October 12, 2016.
Just yesterday American Homes 4 Rent (NYSE:AMH) traded 0.79% higher at $20.46. The company’s 50-day moving average is $21.51 and its 200-day moving average is $19.42. The last stock price is up 5.36% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was down over the average, with 1,306,093 shares of AMH changing hands under the typical 2,510,060
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American Homes 4 Rent has with a one year low of $13.16 and a one year high of $22.99 and has a total market value of $0.
Also covering American Homes 4 Rent's target price, a total of 7 firms have issued a report on the company. The average stock price target is $18.86 with three equity analysts rating the company a strong buy, one analyst rating the company a buy, five brokerages rating the stock a hold, zero brokerages rating the company a underperform, and lastly 0 brokers rating the stock a sell.
Brief Synopsis 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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