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American Residential Properties (NASDAQ:ARPI) Director Douglas N. Benham bought 3,500 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were purchased at an average cost of $17.46 per share, with a total value of $61,110.00. Following the acquisition, the director now directly owns 9,720 shares of the company’s stock, valued at approximately $169,711. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on ARPI. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of American Residential Properties in a research note on Tuesday. They now have a $22.00 price target on the stock. Analysts at Bank of America downgraded shares of American Residential Properties from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 20th. They now have a $18.50 price target on the stock, down previously from $20.00. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. American Residential Properties currently has an average rating of “Buy” and an average price target of $21.30.

Shares of American Residential Properties (NASDAQ:ARPI) opened at 17.44 on Friday. American Residential Properties has a 52-week low of $16.21 and a 52-week high of $20.99. The stock’s 50-day moving average is $17.73 and its 200-day moving average is $17.78. The company’s market cap is $561.1 million.

American Residential Properties (NASDAQ:ARPI) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.07. On average, analysts predict that American Residential Properties will post $0.47 earnings per share for the current fiscal year.

American Residential Properties, Inc is a fully integrated and internally managed real estate investment company, which is organized as a real estate investment trust.

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