Sterne Agee CRT Decides to Downgrade American Residential Properties (NYSE:ARPI) Stock


American Residential Properties (NYSE:ARPI) Receives a Downgrade

Sterne Agee CRT lowered shares of American Residential Properties (NYSE:ARPI) stock from a “Buy” rating to a “Neutral” rating in analysts report sent to clients and investors on Wednesday, 9 December.

From a total of 6 analysts covering American Residential Properties (NYSE:ARPI) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 29% of the ratings are positive. American Residential Properties was the topic of 3 analyst reports since October 26, 2015 according to the firm StockzIntelligence Inc. FBR Capital downgraded shares on December 4 to “Mkt Perform” rating.

It is down 3.09% since May 6, 2015 and is downtrending. It has underperformed by 2.30% 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 $585.60 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).