Evercore ISI analyst Steve Sakwa upgraded AMH (AMH) to Outperform from In Line with a price target of $42, up from $41. If mortgage rates remain elevated due to forthcoming economic policies, this should keep demand for single family rentals high and boost pricing power marginally in 2025 and beyond, the analyst tells investors. Both AMH and Invitation Homes (INVH) are on pace to outperform apartment REITs in 2024 and 2025 and the firm thinks this “makes for a compelling case for both companies,” the analyst added.
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Read More on AMH:
- AMH’s Strong Q3 2024 Performance and Strategic Expansion
- AMH narrows FY24 core FFO view to $1.76-$1.78 from $1.74-$1.78
- AMH reports Q3 AFFO 38c, consensus 43c
- American Homes 4 Rent (AMH) Q3 Earnings Cheat Sheet
- AMH price target raised to $40 from $39 at Mizuho
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