Barclays starts AMH at Equal Weight based on relative valuation

Barclays initiated coverage of AMH (AMH) with an Equal Weight rating and $39 price target The firm said the Equal Weight rating is based on relative valuation. While 2025 could still be a little choppy in terms of the quarterly NOI cadence, the firm expects mid-single digit FFO per share growth next year, which is superior to its expectations for multifamily REITs.