Thrivent Financial for Lutherans Raises Position in American Homes 4 Rent (NYSE:AMH)

Thrivent Financial for Lutherans boosted its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 49.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AMH. Natixis Advisors LLC raised its position in shares of American Homes 4 Rent by 1.2% during the 3rd quarter. Natixis Advisors LLC now owns 88,650 shares of the real estate investment trust's stock valued at $3,403,000 after buying an additional 1,031 shares in the last quarter. Metis Global Partners LLC increased its stake in American Homes 4 Rent by 23.9% in the third quarter. Metis Global Partners LLC now owns 36,564 shares of the real estate investment trust's stock valued at $1,404,000 after acquiring an additional 7,050 shares during the last quarter. KBC Group NV lifted its stake in American Homes 4 Rent by 553.0% during the third quarter. KBC Group NV now owns 378,819 shares of the real estate investment trust's stock worth $14,543,000 after purchasing an additional 320,805 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in American Homes 4 Rent by 26.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 264,802 shares of the real estate investment trust's stock worth $10,166,000 after purchasing an additional 56,158 shares during the last quarter. Finally, MQS Management LLC purchased a new position in shares of American Homes 4 Rent in the 3rd quarter worth about $867,000. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Mizuho boosted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lowered 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. Scotiabank reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $41.60.

American Homes 4 Rent Trading Up 0.1 %

Shares of AMH traded up $0.03 during mid-day trading on Friday, hitting $37.66. 1,214,598 shares of the company's stock traded hands, compared to its average volume of 2,416,034. The business's 50-day moving average price is $37.91 and its 200-day moving average price is $37.43. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The firm has a market capitalization of $13.92 billion, a P/E ratio of 39.23, a PEG ratio of 3.25 and a beta of 0.77. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million during 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%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.76%. American Homes 4 Rent's dividend payout ratio (DPR) is 108.33%.

American Homes 4 Rent Profile

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.