Duff & Phelps Investment Management Co. Has $139.96 Million Position in American Homes 4 Rent $AMH

Duff & Phelps Investment Management Co. cut its stake in shares of American Homes 4 Rent (NYSE:AMH) by 0.6% during the third quarter, HoldingsChannel.com reports. The firm owned 4,209,437 shares of the real estate investment trust’s stock after selling 26,300 shares during the period. American Homes 4 Rent makes up about 1.6% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 16th largest holding. Duff & Phelps Investment Management Co.’s holdings in American Homes 4 Rent were worth $139,964,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in American Homes 4 Rent in the 2nd quarter worth approximately $796,706,000. Lasalle Investment Management Securities LLC grew its holdings in shares of American Homes 4 Rent by 76.1% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 2,888,809 shares of the real estate investment trust’s stock valued at $96,053,000 after acquiring an additional 1,248,131 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in shares of American Homes 4 Rent by 25.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock valued at $175,270,000 after acquiring an additional 1,082,972 shares in the last quarter. First Trust Advisors LP increased its stake in shares of American Homes 4 Rent by 2,035.9% in the second quarter. First Trust Advisors LP now owns 1,129,609 shares of the real estate investment trust’s stock worth $40,745,000 after acquiring an additional 1,076,722 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of American Homes 4 Rent by 311.2% in the third quarter. Schroder Investment Management Group now owns 1,374,162 shares of the real estate investment trust’s stock worth $44,619,000 after acquiring an additional 1,040,001 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMH shares. Royal Bank Of Canada reduced their price objective on American Homes 4 Rent from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Citizens Jmp cut their price target on American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating for the company in a research note on Monday, February 23rd. JPMorgan Chase & Co. reduced their price target on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Citigroup lowered their price target on American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Finally, Barclays dropped their price objective on American Homes 4 Rent from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Hold” and a consensus target price of $35.72.

American Homes 4 Rent Stock Down 2.3%

AMH stock opened at $28.86 on Thursday. The firm has a market cap of $10.50 billion, a PE ratio of 24.45, a PEG ratio of 4.22 and a beta of 0.80. American Homes 4 Rent has a 1 year low of $28.58 and a 1 year high of $39.49. The company has a fifty day simple moving average of $30.98 and a 200 day simple moving average of $32.06. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.14). American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.The business had revenue of $402.93 million for the quarter, compared to analyst estimates of $459.24 million. During the same period in the previous year, the company earned $0.45 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Sell-side analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Insider Activity at American Homes 4 Rent

In other news, Director Douglas N. Benham acquired 1,200 shares of American Homes 4 Rent stock in a transaction dated Monday, March 2nd. The stock was acquired at an average cost of $24.20 per share, for a total transaction of $29,040.00. Following the completion of the purchase, the director owned 44,717 shares of the company’s stock, valued at $1,082,151.40. This represents a 2.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Goldberg acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of $29.30 per share, with a total value of $58,600.00. Following the completion of the acquisition, the director owned 36,723 shares in the company, valued at $1,075,983.90. This trade represents a 5.76% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 6,771 shares of company stock valued at $183,684. Corporate insiders own 6.32% of the company’s stock.

American Homes 4 Rent Profile

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.