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

Duff & Phelps Investment Management Co. boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,552,301 shares of the real estate investment trust's stock after buying an additional 199,234 shares during the period. American Homes 4 Rent makes up about 1.6% of Duff & Phelps Investment Management Co.'s holdings, making the stock its 15th largest holding. Duff & Phelps Investment Management Co. owned 0.96% of American Homes 4 Rent worth $136,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in American Homes 4 Rent by 2,150.3% in the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust's stock valued at $74,276,000 after acquiring an additional 1,849,020 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of American Homes 4 Rent by 783.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust's stock valued at $42,507,000 after purchasing an additional 981,872 shares during the last quarter. FMR LLC raised its holdings in shares of American Homes 4 Rent by 12.9% during the 3rd 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 in the last quarter. Marshall Wace LLP bought a new stake in American Homes 4 Rent in the 2nd quarter worth approximately $17,367,000. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in American Homes 4 Rent by 39.3% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust's stock worth $53,420,000 after buying an additional 405,468 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

AMH stock traded up $0.42 on Monday, hitting $37.68. The company had a trading volume of 2,510,098 shares, compared to its average volume of 2,520,630. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 38.81, a P/E/G ratio of 3.29 and a beta of 0.78. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The stock's 50-day simple moving average is $37.58 and its 200 day simple moving average is $37.54. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analysts' expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. As a group, equities research analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent's payout ratio is currently 108.33%.

Insider Transactions at American Homes 4 Rent

In related news, Director Douglas N. Benham purchased 3,286 shares of American Homes 4 Rent stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the transaction, the director now directly owns 41,946 shares in the company, valued at $1,027,257.54. This represents a 8.50 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMH shares. UBS Group upped their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, August 16th. Wells Fargo & Company raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Scotiabank reaffirmed an "outperform" rating and set a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a "buy" rating and a $48.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and an average price target of $41.60.

About American Homes 4 Rent

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.