Mizuho Securities analyst Haendel St. Juste has maintained their bullish stance on AMH stock, giving a Buy rating today.
Haendel St. Juste has given his Buy rating due to a combination of factors influencing American Homes 4 Rent (AMH). The company’s fourth-quarter financial performance aligned with expectations, demonstrating strong rent growth despite some weakening rental trends. Although there was a slight decline in new lease rates in November, improvements were observed in December, and there is optimism for further recovery.
Furthermore, the initial guidance for 2025 suggests achievable revenue growth, with moderate increases in new lease and renewal rates. While the guidance falls slightly short of consensus estimates, the potential for pricing improvements during the spring leasing season and the possibility of conservative estimates provide a positive outlook. These elements, combined with the company’s performance in key markets, underpin the Buy rating recommendation.
In another report released today, JMP Securities also reiterated a Buy rating on the stock with a $41.00 price target.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is neutral on the stock.
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