Duff & Phelps Investment Management Co. Grows Stock Position in American Homes 4 Rent (NYSE:AMH)

Duff & Phelps Investment Management Co. increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 17.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,166,956 shares of the real estate investment trust’s stock after purchasing an additional 614,655 shares during the quarter. American Homes 4 Rent makes up approximately 1.9% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 11th largest position. Duff & Phelps Investment Management Co.’s holdings in American Homes 4 Rent were worth $155,927,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMH. Norges Bank purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth $822,019,000. Janus Henderson Group PLC boosted its position in shares of American Homes 4 Rent by 2,150.3% during the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock worth $74,276,000 after buying an additional 1,849,020 shares during the period. Principal Financial Group Inc. raised its stake in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after acquiring an additional 1,015,351 shares in the last quarter. FMR LLC increased its holdings in American Homes 4 Rent by 12.9% in the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after buying an additional 937,116 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of American Homes 4 Rent by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock valued at $516,591,000 after buying an additional 689,741 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 0.7 %

NYSE:AMH opened at $37.49 on Friday. The stock has a 50-day simple moving average of $35.61 and a 200 day simple moving average of $36.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market cap of $13.88 billion, a PE ratio of 34.71, a PEG ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. On average, sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AMH shares. Royal Bank of Canada dropped their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. JMP Securities reiterated a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Scotiabank cut American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.29.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.