Shares of American Homes 4 Rent (NYSE:AMH) reached a new 52-week high on Friday . The stock traded as high as $22.36 and last traded at $22.17, with a volume of 866,169 shares changing hands. The stock had previously closed at $21.58.

AMH has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, May 10th. FBR & Co reiterated an “outperform” rating and issued a $22.00 price target (up previously from $20.00) on shares of American Homes 4 Rent in a report on Thursday, June 23rd. Finally, TheStreet upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. American Homes 4 Rent presently has an average rating of “Buy” and a consensus target price of $19.20.

The firm’s market cap is $5.35 billion. The company’s 50 day moving average price is $20.51 and its 200 day moving average price is $17.05.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. The firm earned $221 million during the quarter, compared to analysts’ expectations of $219.32 million. The business’s revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. On average, equities analysts forecast that American Homes 4 Rent will post $0.93 earnings per share for the current year.

A number of hedge funds recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its stake in 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 valued at $16,277,000 after buying an additional 965,204 shares during the last quarter. Bank of Montreal Can raised its stake 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 last quarter. Fiduciary Management Associates LLC raised its stake 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 last quarter. Rhumbline Advisers raised its stake 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 last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake 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 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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