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.
Published first on TheFly
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