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

Duff & Phelps Investment Management Co. increased its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 17.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,166,956 shares of the real estate investment trust's stock after acquiring an additional 614,655 shares during the period. American Homes 4 Rent comprises about 1.9% of Duff & Phelps Investment Management Co.'s investment portfolio, making the stock its 11th biggest holding. Duff & Phelps Investment Management Co. owned 1.13% of American Homes 4 Rent worth $155,927,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of American Homes 4 Rent by 4.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust's stock valued at $7,337,000 after purchasing an additional 8,370 shares during the last quarter. TCW Group Inc. bought a new position in American Homes 4 Rent in the third quarter worth approximately $962,000. PGGM Investments grew its position in shares of American Homes 4 Rent by 7.3% during the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock valued at $39,760,000 after acquiring an additional 71,890 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of American Homes 4 Rent by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock valued at $162,180,000 after acquiring an additional 110,022 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in American Homes 4 Rent by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust's stock worth $110,701,000 after purchasing an additional 248,729 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Morgan Stanley raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. 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 for the company in a research report on Monday, February 24th. JMP Securities restated a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $40.23.

American Homes 4 Rent Trading Down 0.4 %

AMH stock traded down $0.17 during midday trading on Tuesday, reaching $37.64. 885,196 shares of the company traded hands, compared to its average volume of 2,176,546. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 34.99, a P/E/G ratio of 3.56 and a beta of 0.77. 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 business has a 50 day moving average of $35.71 and a 200-day moving average of $36.86. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to analysts' expectations of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's payout ratio is 111.11%.

About American Homes 4 Rent

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.