American Homes 4 Rent (NYSE:AMH) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $21.25 and last traded at $21.25, with a volume of 2,065,707 shares. The stock had previously closed at $21.13.

Several brokerages have issued reports on AMH. FBR & Co reaffirmed an “outperform” rating and set a $22.00 price target (up previously from $20.00) on shares of American Homes 4 Rent in a research note on Thursday, June 23rd. Zacks Investment Research raised American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, May 10th. Finally, TheStreet lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, March 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $19.20.

The company has a 50-day moving average of $19.44 and a 200-day moving average of $16.61. The company’s market cap is $5.06 billion.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The company earned $195.20 million during the quarter, compared to analysts’ expectations of $187.70 million. The company’s revenue for the quarter was up 48.2% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. Analysts expect that American Homes 4 Rent will post $0.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%.

A number of large investors have modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of American Homes 4 Rent by 8,179.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 977,005 shares of the company’s stock worth $16,277,000 after buying an additional 965,204 shares during the last quarter. Fiduciary Management Associates LLC raised its stake in shares of American Homes 4 Rent by 6.7% in the fourth quarter. Fiduciary Management Associates LLC now owns 1,137,950 shares of the company’s stock worth $18,958,000 after buying an additional 71,530 shares during the last quarter. Bank of Montreal Can raised its stake in shares of American Homes 4 Rent by 440.4% in the fourth quarter. Bank of Montreal Can now owns 966,719 shares of the company’s stock worth $16,106,000 after buying an additional 787,816 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of American Homes 4 Rent by 12.3% in the fourth quarter. Teacher Retirement System of Texas now owns 219,590 shares of the company’s stock worth $3,658,000 after buying an additional 24,065 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of American Homes 4 Rent by 10.7% in the fourth quarter. Rhumbline Advisers now owns 121,711 shares of the company’s stock worth $2,028,000 after buying an additional 11,790 shares during the last quarter.

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.

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