American Homes 4 Rent price target raised to $38 from $37 at Barclays

Barclays analyst Anthony Powell raised the firm’s price target on American Homes 4 Rent to $38 from $37 and keeps an Overweight rating on the shares. Following February operating updates with "strong" renewal leasing spreads and occupancy achieved year-to-date, the analyst updated single family real estate investment trust estimates to reflect "resilient" rent growth, partly offset by higher expenses