American Homes 4 Rent of Beneficial Interest (NYSE:AMH) traded today at a new 52-week high of $41.89. So far today approximately 346,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.
American Homes 4 Rent of Beneficial Interest (NYSE:AMH) is currently priced 8.4% above its average consensus analyst price target of $38.33.
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.
American Homes 4 Rent of Beneficial Interest share prices have moved between a 52-week high of $41.89 and a 52-week low of $26.76 and are now trading 56% above that low price at $41.85 per share.
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