Duff & Phelps Investment Management Co. Has $124.60 Million Position in American Homes 4 Rent (NYSE:AMH)

Duff & Phelps Investment Management Co. decreased its position in shares of American Homes 4 Rent (NYSE:AMH) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,353,067 shares of the real estate investment trust’s stock after selling 41,550 shares during the period. American Homes 4 Rent comprises 1.6% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 15th largest holding. Duff & Phelps Investment Management Co. owned approximately 0.92% of American Homes 4 Rent worth $124,600,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMH. GAMMA Investing LLC lifted its stake in American Homes 4 Rent by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 302 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of American Homes 4 Rent by 12.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 314 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of American Homes 4 Rent by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 357 shares in the last quarter. Atria Investments Inc lifted its position in shares of American Homes 4 Rent by 0.7% during the 1st quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust’s stock worth $2,651,000 after buying an additional 510 shares during the last quarter. Finally, Capital Square LLC boosted its stake in American Homes 4 Rent by 6.2% in the first quarter. Capital Square LLC now owns 8,832 shares of the real estate investment trust’s stock valued at $325,000 after buying an additional 518 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMH shares. UBS Group increased their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Scotiabank restated an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada raised their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $38.27 on Friday. The firm has a market cap of $14.02 billion, a P/E ratio of 39.05, a P/E/G ratio of 3.32 and a beta of 0.76. The stock’s 50 day moving average is $38.55 and its 200 day moving average is $37.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The firm had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same period in the prior year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts expect that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.72%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

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.