Analyst Juan C. Sanabria from BMO Capital reiterated a Buy rating on American Homes and keeping the price target at $44.00.
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Juan C. Sanabria has given his Buy rating due to a combination of factors that highlight American Homes’ strong performance and promising outlook. The company reported better-than-expected second-quarter earnings, with same-store revenue and net operating income exceeding expectations. This was supported by a robust rental growth rate and a significant presence in the Midwest, which contributed to improved bad debt figures.
Additionally, American Homes upgraded its core earnings guidance, reflecting a more optimistic view on property taxes, which is expected to positively influence the stock’s performance. The raised guidance for core funds from operations and same-store revenue, along with a decrease in same-store expenses, further underscores the company’s solid financial health. These factors collectively justify the Buy rating, as they indicate a strong potential for future growth and profitability.
In another report released on July 26, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $41.00 price target.