Duff & Phelps Investment Management Co. Grows 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 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,379,772 shares of the real estate investment trust’s stock after buying an additional 85,620 shares during the quarter. American Homes 4 Rent comprises 1.5% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 18th biggest holding. Duff & Phelps Investment Management Co.’s holdings in American Homes 4 Rent were worth $121,537,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMH. AE Wealth Management LLC grew its stake in American Homes 4 Rent by 31.9% during the 3rd quarter. AE Wealth Management LLC now owns 15,223 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 3,681 shares during the last quarter. SG Americas Securities LLC lifted its position in American Homes 4 Rent by 64.3% during the 3rd quarter. SG Americas Securities LLC now owns 29,602 shares of the real estate investment trust’s stock worth $997,000 after acquiring an additional 11,589 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in American Homes 4 Rent by 48.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 29,438 shares of the real estate investment trust’s stock worth $992,000 after acquiring an additional 9,612 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in American Homes 4 Rent by 69.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 498,682 shares of the real estate investment trust’s stock worth $16,801,000 after acquiring an additional 204,349 shares during the period. Finally, Xponance Inc. lifted its position in American Homes 4 Rent by 6.1% during the 3rd quarter. Xponance Inc. now owns 12,485 shares of the real estate investment trust’s stock worth $421,000 after acquiring an additional 716 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

AMH stock traded up $0.10 during midday trading on Tuesday, hitting $36.21. 667,514 shares of the stock were exchanged, compared to its average volume of 3,332,958. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $37.97. The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 2.80 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.46. The stock’s 50-day moving average price is $36.01 and its 200-day moving average price is $35.47.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.87%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 104.00%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the transaction, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the transaction, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Matthew J. Hart sold 7,263 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total value of $266,987.88. Following the transaction, the director now owns 41,336 shares in the company, valued at approximately $1,519,511.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,263 shares of company stock worth $2,212,078. 6.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AMH has been the subject of a number of recent research reports. Mizuho increased their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a report on Monday, February 26th. Jefferies Financial Group raised American Homes 4 Rent from a “hold” rating to a “buy” rating and raised their price target for the company from $34.00 to $41.00 in a report on Tuesday, January 2nd. Finally, Raymond James raised their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.67.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.