Thrivent Financial for Lutherans Has $2.79 Million Position in American Homes 4 Rent (NYSE:AMH)

Thrivent Financial for Lutherans lowered its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 43.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,642 shares of the real estate investment trust's stock after selling 57,456 shares during the quarter. Thrivent Financial for Lutherans' holdings in American Homes 4 Rent were worth $2,793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMH. Cibc World Markets Corp raised its holdings in shares of American Homes 4 Rent by 4.8% in the 4th quarter. Cibc World Markets Corp now owns 107,192 shares of the real estate investment trust's stock valued at $4,011,000 after purchasing an additional 4,862 shares during the period. Twin Tree Management LP bought a new stake in American Homes 4 Rent in the 4th quarter valued at $989,000. Corient Private Wealth LLC raised its stake in American Homes 4 Rent by 28.2% in the 4th quarter. Corient Private Wealth LLC now owns 10,606 shares of the real estate investment trust's stock valued at $397,000 after acquiring an additional 2,331 shares during the period. Natixis Advisors LLC increased its holdings in shares of American Homes 4 Rent by 9.9% in the fourth quarter. Natixis Advisors LLC now owns 97,398 shares of the real estate investment trust's stock valued at $3,645,000 after purchasing an additional 8,748 shares during the last quarter. Finally, PGGM Investments raised its position in shares of American Homes 4 Rent by 7.3% in the fourth quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock valued at $39,760,000 after purchasing an additional 71,890 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank of Canada lowered their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target for the company. in a research note on Thursday, January 23rd. Mizuho dropped their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Finally, Barclays upped their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $40.23.

American Homes 4 Rent Price Performance

NYSE AMH traded up $0.29 on Monday, hitting $37.87. 3,710,520 shares of the company's stock were exchanged, compared to its average volume of 2,181,580. The stock has a 50-day moving average of $35.71 and a 200-day moving average of $36.86. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.30 dividend. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.17%. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

American Homes 4 Rent Profile

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.