5 Latest Dividend Hikes to Watch

3. American Homes 4 Rent (NYSE:AMH)

Number of Hedge Fund Holders: 36

Percentage of Dividend Increase: 80%

American Homes 4 Rent (NYSE:AMH) owns single-family properties in selected submarkets in 22 states. On February 17, American Homes 4 Rent (NYSE:AMH) declared a $0.18 per share quarterly dividend, an 80% increase from its prior dividend of $0.10. The dividend is payable on March 31, to shareholders of record on March 15. 

On February 1, KeyBanc analyst Austin Wurschmidt initiated coverage of American Homes 4 Rent (NYSE:AMH) with a Sector Weight rating. While the analyst expects American Homes 4 Rent (NYSE:AMH) to deliver attractive internal growth and gain scale via its improving development pipeline and multiple acquisition channels, he thinks the stock is fairly valued given American Homes 4 Rent (NYSE:AMH) is trading at an 11% premium to historical levels. 

Among the hedge funds monitored by Insider Monkey, 36 funds were long American Homes 4 Rent (NYSE:AMH) in Q4 2021, up from 33 funds in the preceding quarter. Echo Street Capital Management held the biggest position in American Homes 4 Rent (NYSE:AMH) at the end of December 2021, with 5.6 million shares valued at $244.70 million.