American Residential Properties (NYSE:ARPI) Loses Outperform Rating

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American Residential Properties (NYSE:ARPI) Receives a Downgrade

The old rating for American Residential Properties (NYSE:ARPI) shares of a Outperform has been discontinued, as research professionals at FBR Capital cut the current rating for American Residential Properties (NYSE:ARPI) shares to a Mkt Perform.

From a total of 6 analysts covering American Residential Properties (NYSE:ARPI) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 38% of the ratings are positive. American Residential Properties was the topic of 2 analyst reports since October 26, 2015 according to the firm StockzIntelligence Inc. Raymond James downgraded shares on November 5 to “Market Perform” rating.

The stock increased 2.00% or $0.35 on December 3, striking $17.84. Approximately shares of stock traded hands. American Residential Properties Inc (NYSE:ARPI) has declined 5.36% since May 1, 2015 and is downtrending. It has underperformed by 2.58% the S&P500.

American Residential Properties, Inc. is an internally managed real estate investment company, which is organized as a real estate investment trust. The company has a market cap of $574.65 million. The Firm acquires, owns, renovates, and manages single-family homes as rental properties. It currently has negative earnings. American Residential Properties OP, L.P. acts as its operating partnership.

According to Zacks Investment Research, “American Residential Properties, Inc. is a real estate investment trust. It acquires, renovate, lease and manage single-family properties primarily in the United States. American Residential Properties, Inc. is based in Scottsdale, Arizona.” Get a free copy of the Zacks research report on American Residential Properties Inc (ARPI).

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