Thrivent Financial for Lutherans Purchases 50,587 Shares of American Homes 4 Rent $AMH

Thrivent Financial for Lutherans raised its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 67.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,412 shares of the real estate investment trust’s stock after acquiring an additional 50,587 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American Homes 4 Rent were worth $4,170,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new position in American Homes 4 Rent in the second quarter valued at $796,706,000. First Trust Advisors LP boosted its stake in shares of American Homes 4 Rent by 2,035.9% during the 2nd quarter. First Trust Advisors LP now owns 1,129,609 shares of the real estate investment trust’s stock worth $40,745,000 after buying an additional 1,076,722 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of American Homes 4 Rent by 849.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 603,038 shares of the real estate investment trust’s stock valued at $21,752,000 after acquiring an additional 539,548 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of American Homes 4 Rent by 24.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,506,317 shares of the real estate investment trust’s stock valued at $83,335,000 after acquiring an additional 485,401 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of American Homes 4 Rent by 21.9% in the second quarter. Russell Investments Group Ltd. now owns 2,606,764 shares of the real estate investment trust’s stock valued at $94,026,000 after acquiring an additional 468,075 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of several recent research reports. Evercore reduced their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Scotiabank cut their price objective on American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating for the company in a report on Wednesday, January 14th. Wall Street Zen cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Sunday, January 18th. BMO Capital Markets restated a “market perform” rating and set a $37.00 target price on shares of American Homes 4 Rent in a report on Friday, January 9th. Finally, Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a research report on Monday, December 15th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.44.

Insider Activity

In related news, Director Douglas N. Benham purchased 1,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were purchased at an average cost of $31.65 per share, with a total value of $31,650.00. Following the acquisition, the director directly owned 7,991 shares in the company, valued at $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jack E. Corrigan acquired 5,000 shares of American Homes 4 Rent stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average price of $22.96 per share, with a total value of $114,800.00. Following the acquisition, the director owned 17,300 shares of the company’s stock, valued at approximately $397,208. This trade represents a 40.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 6.32% of the stock is owned by corporate insiders.

American Homes 4 Rent Stock Down 0.3%

AMH stock opened at $30.88 on Friday. American Homes 4 Rent has a 1-year low of $28.84 and a 1-year high of $39.49. The business’s 50 day simple moving average is $31.46 and its 200 day simple moving average is $32.83. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $11.46 billion, a PE ratio of 26.17, a PEG ratio of 2.94 and a beta of 0.80.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.