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

Thrivent Financial for Lutherans raised its holdings in American Homes 4 Rent (NYSE:AMH) by 67.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,412 shares of the real estate investment trust’s stock after purchasing an additional 50,587 shares during the period. Thrivent Financial for Lutherans’ holdings in American Homes 4 Rent were worth $4,170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB raised its position in shares of American Homes 4 Rent by 10,728.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 751 shares in the last quarter. Hantz Financial Services Inc. increased its stake in American Homes 4 Rent by 922.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 747 shares during the period. AlphaQuest LLC acquired a new position in American Homes 4 Rent in the 2nd quarter valued at $33,000. SJS Investment Consulting Inc. acquired a new position in American Homes 4 Rent in the 3rd quarter valued at $43,000. Finally, Rakuten Investment Management Inc. bought a new stake in shares of American Homes 4 Rent during the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 0.3%

Shares of NYSE:AMH opened at $30.88 on Friday. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49. The company has a market capitalization of $11.46 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.94 and a beta of 0.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The company has a fifty day moving average of $31.46 and a 200-day moving average of $32.83.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was acquired at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the acquisition, the director directly owned 7,991 shares in the company, valued at $252,915.15. This represents a 14.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jack E. Corrigan bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the transaction, the director owned 17,300 shares in the company, valued at $397,208. This trade represents a 40.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 6.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Mizuho reiterated a “neutral” rating and set a $32.00 price target (down previously from $33.00) on shares of American Homes 4 Rent in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Citizens Jmp restated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group set a $37.00 target price on American Homes 4 Rent in a report on Monday, December 15th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.44.

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.