Citi downgraded AMH (AMH) to Neutral from Buy with an unchanged $41 price target as part of a broader research note on REITs and Lodging. Invitation’s earnings and same-store net operating income, SSNOI, growth rates will catch up to AMH within the next 6-12 months, the analyst tells investors in a research note, further stating that the REIT’s SSNOI guidance is more conservative. Citi adds that May will likely represent the peak of AMH’s new lease growth, surprising some investors.
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Read More on AMH:
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- American Homes Completes $650M Senior Notes Offering
- AMH price target raised to $41 from $38 at Scotiabank
- AMH price target raised to $43 from $39 at Raymond James
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