American Homes 4 Rent (NYSE:AMH) shares hit a new 52-week high on Thursday . The company traded as high as $21.59 and last traded at $21.56, with a volume of 518,428 shares. The stock had previously closed at $21.15.

AMH has been the topic of a number of recent analyst reports. FBR & Co reissued 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. TheStreet lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, March 31st. Finally, Zacks Investment Research raised American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. American Homes 4 Rent currently has an average rating of “Buy” and a consensus price target of $19.20.

The company’s market capitalization is $5.11 billion. The stock’s 50 day moving average is $19.88 and its 200 day moving average is $16.79.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. During the same quarter last year, the firm posted $0.16 EPS. The business earned $195.20 million during the quarter, compared to analyst estimates of $187.70 million. The company’s quarterly revenue was up 48.2% compared to the same quarter last year. Analysts anticipate that American Homes 4 Rent will post $0.93 earnings per share 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 given a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.20 annualized dividend and a yield of 0.93%.

A number of hedge funds and institutional investors have bought and sold shares of AMH. First Trust Advisors LP raised its position in American Homes 4 Rent by 6.6% in the fourth quarter. First Trust Advisors LP now owns 60,504 shares of the company’s stock valued at $1,008,000 after buying an additional 3,734 shares during the period. State Board of Administration of Florida Retirement System raised its position in American Homes 4 Rent by 9.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 76,672 shares of the company’s stock valued at $1,277,000 after buying an additional 6,425 shares during the period. Rhumbline Advisers raised its position in American Homes 4 Rent by 10.7% in the fourth quarter. Rhumbline Advisers now owns 121,711 shares of the company’s stock valued at $2,028,000 after buying an additional 11,790 shares during the period. Fiduciary Management Associates LLC raised its position in 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 valued at $18,958,000 after buying an additional 71,530 shares during the period. Finally, Bank of Montreal Can raised its position in 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 valued at $16,106,000 after buying an additional 787,816 shares during the period.

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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