American Homes 4 Rent of Beneficial Interest (NYSE:AMH) traded at a new 52-week high today of $41.65. This new high was reached on below average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
Over the past year, American Homes 4 Rent of Beneficial Interest has traded in a range of $26.30 to $41.65 and is now at $41.50, 58% above that low.
Based on a current price of $41.50, American Homes 4 Rent of Beneficial Interest is currently 11.7% above its average consensus analyst price target of $36.65.
American Homes 4 Rent is a real estate investment trust primarily focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company’s real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent’s land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm’s largest geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.
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