AMH downgraded to Sector Perform at Scotiabank on below consensus estimates

As previously reported, Scotiabank analyst Daniel Tricarico downgraded AMH (AMH) to Sector Perform from Outperform with a price target of $38, down from $41. Scotia notes that its estimates are 2% and 3% below 2025 and 2026 consensus, respectively, for FFO per share and it sees downward estimate revisions capping multiple expansion opportunities.