American Homes 4 Rent traded at $23.32 this Friday March 13th, decreasing $0.58 or 2.43 percent since the previous trading session. Looking back, over the last four weeks, American Homes 4 Rent lost 2.14 percent. Over the last 12 months, its price fell by 34.12 percent. Looking ahead, we forecast American Homes 4 Rent to be priced at 22.62 by the end of this quarter and at 20.63 in one year, according to Trading Economics global macro models projections and analysts expectations.
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. As of December 31, 2016, it owned 48,422 single-family properties in 22 states, including 1,119 properties held for sale, and had an additional 47 properties in escrow that it intended to acquire. Its integrated operating platform offers property management, acquisitions, construction, marketing, leasing, financial and administrative functions. The Company may seek to invest in condominium units, townhouses and real estate-related debt investments. The Company is externally managed and advised by American Homes 4 Rent Advisor, LLC (the Advisor).