Duff & Phelps Investment Management Co. Purchases 8,256 Shares of American Homes 4 Rent $AMH

Duff & Phelps Investment Management Co. boosted its position in American Homes 4 Rent (NYSE:AMH) by 0.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,235,737 shares of the real estate investment trust’s stock after acquiring an additional 8,256 shares during the period. American Homes 4 Rent comprises approximately 1.8% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 10th biggest holding. Duff & Phelps Investment Management Co.’s holdings in American Homes 4 Rent were worth $152,783,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its position in shares of American Homes 4 Rent by 1.1% in the first quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust’s stock valued at $1,323,000 after purchasing an additional 391 shares during the period. UniSuper Management Pty Ltd grew its holdings in American Homes 4 Rent by 0.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust’s stock valued at $3,841,000 after buying an additional 400 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in American Homes 4 Rent by 0.7% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,490 shares of the real estate investment trust’s stock valued at $2,401,000 after buying an additional 452 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of American Homes 4 Rent by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 89,400 shares of the real estate investment trust’s stock valued at $3,225,000 after acquiring an additional 500 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of American Homes 4 Rent by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 76,400 shares of the real estate investment trust’s stock worth $2,756,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $31.97 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The company has a market cap of $11.87 billion, a PE ratio of 27.10, a P/E/G ratio of 2.84 and a beta of 0.75. The company’s fifty day simple moving average is $32.81 and its 200-day simple moving average is $35.09. American Homes 4 Rent has a 52 week low of $31.01 and a 52 week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The firm had revenue of $478.46 million during the quarter, compared to analysts’ expectations of $475.75 million. During the same period in the prior year, the company earned $0.44 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 101.69%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Evercore ISI 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 Friday, October 31st. Morgan Stanley lowered their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday. Mizuho dropped their price objective on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lowered their price target on American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.57.

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.