Mizuho lowered the firm’s price target on AMH (AMH) to $34 from $36 and keeps an Outperform rating on the shares as part of a Q3 preview for the apartment real estate investment trusts. The firm’s analysis of third-party data suggests market rents decelerated in Q3 versus Q2 more than during the comparable prior-year period. As a results, Mizuho sees potential cuts to outlooks and modest downside to consensus estimates for 2025 and 2026. However, the firm believes the stocks “may find some support into earnings despite lacking near-term catalysts.”
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Read More on AMH:
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