American Homes 4 Rent price target raised to $42 from $41 at Scotiabank

Scotiabank raised the firm’s price target on American Homes 4 Rent to $42 from $41 and keeps an Outperform rating on the shares. Following Q2 results, the firm is relatively mixed on the Real Estate & REITs sector, the analyst tells investors. U.S. REITs’ relative valuation is now in line with the S&P 500 following recent volatility, while Senior Housing Operating fundamentals reinforce the strong same-store net operating income growth story.