American Homes 4 Rent (NYSE:AMH) shares 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 trading hands. The stock had previously closed at $21.58.

Several research analysts recently weighed in on AMH shares. Zacks Investment Research raised American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, May 10th. TheStreet raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Finally, FBR & Co reissued an “outperform” rating and set a $22.00 price target (up from $20.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. Three 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 has an average rating of “Buy” and a consensus target price of $19.20.

The stock’s market cap is $5.35 billion. The company’s 50-day moving average price is $20.64 and its 200 day moving average price is $17.09.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. During the same quarter in the prior year, the company earned $0.17 EPS. The firm earned $221 million during the quarter, compared to analyst estimates of $219.32 million. The firm’s revenue was up 43.9% compared to the same quarter last year. Analysts forecast that American Homes 4 Rent will post $0.94 EPS for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of AMH. BNP Paribas Arbitrage SA raised its position 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, 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 in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.