Thrivent Financial for Lutherans Grows Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Thrivent Financial for Lutherans lifted its stake in American Homes 4 Rent (NYSE:AMH) by 49.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,098 shares of the real estate investment trust’s stock after purchasing an additional 43,417 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American Homes 4 Rent were worth $5,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMH. Shell Asset Management Co. bought a new stake in American Homes 4 Rent in the first quarter worth $375,000. Advisors Asset Management Inc. raised its holdings in American Homes 4 Rent by 12.5% in the first quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 314 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in American Homes 4 Rent in the first quarter worth about $2,427,000. PEAK6 Investments LLC raised its holdings in American Homes 4 Rent by 250.3% in the first quarter. PEAK6 Investments LLC now owns 6,985 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 11,631 shares during the last quarter. Finally, BOKF NA lifted its stake in shares of American Homes 4 Rent by 2.5% in the first quarter. BOKF NA now owns 64,057 shares of the real estate investment trust’s stock worth $2,328,000 after buying an additional 1,581 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 0.1 %

NYSE AMH opened at $37.66 on Friday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $13.92 billion, a P/E ratio of 39.23, a price-to-earnings-growth ratio of 3.25 and a beta of 0.77. The stock’s 50-day moving average price is $37.91 and its 200-day moving average price is $37.41.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. American Homes 4 Rent’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. On average, equities research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMH. Keefe, Bruyette & Woods decreased their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Finally, Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average target price of $41.60.

About American Homes 4 Rent

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.