Wells Fargo upgraded AMH (AMH) to Overweight from Equal Weight with a price target of $42, up from $36. The firm cites its 2025 revenue and single family supply analysis for the upgrade. The analyst favors AMH for better expected 2025 sales growth, more geographic diversification and Midwest exposure. The Q2 reports “showed bifurcation” between AMH and Invitation Homes (INVH) portfolio metrics as AMH posted stronger and blended lease rate growth coupled with accelerating occupancy, the analyst tells investors in a research note.
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Read More on AMH:
- AMH Announces Distributions
- American Homes 4 Rent price target raised to $42 from $41 at Scotiabank
- American Homes 4 Rent price target raised to $42 from $41 at RBC Capital
- American Homes 4 Rent raises 2024 core FFO view to $1.74-$1.78 from $1.70-$1.76
- American Homes 4 Rent reports Q2 adjusted FFO 39c, consensus 43c
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