MAA initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of MAA with a Buy rating and $187 price target. A major investment theme running through the residential real estate investment trusts is that declining supply is creating a “unique internal and external growth environment for well-positioned companies,” the analyst tells investors in a research note. The firm believes outperformance AMH will be driven by both meaningful positive estimate revisions as well as multiple expansion.