American Residential Properties (NYSE:ARPI) Receives a Downgrade
Shares of New York-listed American Residential Properties (NYSE:ARPI) Have been downgraded by stock analysts at Sterne Agee CRT. Sterne Agee CRT downgraded their rating for the $585.60M market cap company to a “Neutral” from their previous “Buy” rating.
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.
The stock decreased 0.33% or $0.06 on December 9, striking $18.12. Approximately 421,083 shares of stock traded hands. American Residential Properties Inc (NYSE:ARPI) has declined 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).