Selling Buzz: American Homes 4 Rent [AMH] Chief Accounting Officer Reitz Brian sells 4,025 shares of the company


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. American Homes 4 Rent shares valued at $126,788 were sold by Reitz Brian on Feb 28. At $31.50 per share, Reitz Brian sold 4,025 shares. The insider’s holdings dropped to 38,010 shares worth approximately $1.15 million following the completion of this transaction.

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Also, BENHAM DOUGLAS N purchased 4,000 shares, netting a total of over 90,200 in proceeds. Following the buying of shares at $22.55 each, the insider now holds 22,070 shares.

Before that, BENHAM DOUGLAS N had added 4,000 shares to its account. In a trade valued at $90,040, the Director bought American Homes 4 Rent shares for $22.51 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $0.61 million.

As published in their initiating research note from Scotiabank on January 17, 2023, American Homes 4 Rent [AMH] has been a Sector outperform and the price target has been revised to $36. This represents a 15.67% premium over Wednesday’s closing price. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of December 16, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for AMH. Earlier on December 08, 2022, Goldman upgraded its rating. Their new recommendation was “a Buy” for AMH stock which previously was a “a Neutral”.

Analyzing AMH Stock Performance

On Wednesday, American Homes 4 Rent [NYSE: AMH] plunged -2.13% to $30.36. The stock’s lowest price that day was $30.005, but it reached a high of $30.92 in the same session. During the last five days, there has been a drop of approximately -7.61%. Over the course of the year, American Homes 4 Rent shares have jumped approximately 0.73%. Shares of the company reached a 52-week high of $35.66 on 02/02/23 and a 52-week low of $29.33 on 01/03/23. A 50-day SMA is recorded $32.29, while a 200-day SMA reached $34.05. Nevertheless, trading volume fell to 3.61 million shares from 3.26 million shares the previous day.

Support And Resistance Levels for American Homes 4 Rent (AMH)

According to the 24-hour chart, there is a support level at 29.94, which, if violated, would cause prices to drop to 29.51. In the upper region, resistance lies at 30.85. The next price resistance is at 31.34. RSI (Relative Strength Index) is 28.24 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.02, which suggests the price will decrease in the coming days. Percent R is at 92.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is American Homes 4 Rent subject to short interest?

Stocks of American Homes 4 Rent saw a sharp steep in short interest on Jan 30, 2023 dropping by -3.64 million shares to 11.74 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 15.38 million shares. A decline of -31.01% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.74 of the overall float, the days-to-cover ratio (short ratio) decline to 6.74.

Which companies own the most shares of American Homes 4 Rent (AMH)?

According to The Vanguard Group, Inc. filings, the company currently owns 40,667,643 shares, which is about 11.53% of the total AMH shares outstanding. The investor’s shares have appreciated by 544,558 from its previous 13-F filing of 40123085.0 shares. With the completion of the buy transaction, Norges Bank Investment Management’s stake is now worth $704,498,508. BlackRock Fund Advisors acquire a 3.30% interest valued at $588.4 million while Principal Global Investors LLC sold a -786,693 stake. A total of -1,140,753 shares of American Homes 4 Rent were sold by Principal Real Estate Investors L during the quarter, and 283,483 were bought by SSgA Funds Management, Inc. In its current portfolio, B. Riley Wealth Advisors, Inc. holds 10,854,593 shares valued at $372.2 million.

In terms of American Homes 4 Rent share price expectations, FactSet research, analysts set an average price target of $34.81 in the next 12 months, up nearly 16.05% from the previous closing price of $31.02. Analysts anticipate American Homes 4 Rent stock to reach $38.00 by 2023, with the lowest price target being $30.00. In spite of this, 21 analysts ranked American Homes 4 Rent stock as an Overweight at the end of 2023.


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