Mizuho downgrades AMH on heightened regulatory risk

Mizuho last night downgraded AMH (AMH) to Neutral from Outperform with a price target of $32, down from $33. The firm sees heightened regulatory risk following President Trump’s announcement that he will seek to ban institutions from buying more single-family homes. While the legality and ultimate timeline for enforcement remains uncertain, it proposes a “clear risk” to the single family rental sector’s business model and growth prospects, the analyst tells investors in a research note.