American Homes 4 Rent to join S&P MidCap 400 index

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American Homes 4 Rent to join S&P MidCap 400 index
Credit: © Reuters.

NEW YORK - American Homes 4 Rent (NYSE: NYSE: AMH ) is set to join the S&P MidCap 400 index, replacing Physicians Realty Trust (NYSE: NYSE: DOC ), as announced by S&P Dow Jones Indices. The change will take effect before the market opens on March 1, 2024.

This move comes as Healthpeak Properties Inc. (NYSE: NYSE: PEAK ), which is part of the S&P 500 , finalizes its acquisition of Physicians Realty Trust. The acquisition is expected to be completed shortly, subject to the satisfaction of closing conditions.

Upon completion of the merger, Healthpeak Properties will undergo a ticker symbol change from PEAK to DOC. The updates to the S&P MidCap 400 index reflect ongoing adjustments to the index composition, ensuring it represents the mid-cap segment of the U.S. equity market.

American Homes 4 Rent, which operates in the real estate sector, will be added to the index, marking a significant milestone for the company. The removal of Physicians Realty Trust from the S&P MidCap 400 is a direct result of its acquisition by Healthpeak Properties.

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