American Homes 4 Rent price target lowered to $36 from $37 at Mizuho

Mizuho analyst Haendel St. Juste lowered the firm’s price target on American Homes 4 Rent to $36 from $37 and keeps a Buy rating on the shares. The analyst remains constructive on the name into fiscal 2023. Single-family rental real estate investment trust’s historically defensive attributes of high retention, less "double-up risk," and stickier renewal pricing position it to outperform multifamily, St. Juste tells investors in a research note.