Jefferies Starts American Homes 4 Rent (AMH) at Buy

Jefferies analyst Linda Tsai initiates coverage on American Homes 4 Rent (NYSE: AMH) with a Buy rating and a price target of $48.00.

The analyst commented, "We are initiating on AMH & INVH (Buys, $48 PTs). Both have a long runway for growth given their early innings of share consolidation in a fragmented market. High barriers to entry, access to capital, geographic concentration in high-growth markets, and prop-tech driven margin expansion are company-specific drivers. Millennial household formation, Sunbelt migration and weak home affordability are macro tailwinds. Combined, valuation premiums should sustain."

For an analyst ratings summary and ratings history on American Homes 4 Rent click here. For more ratings news on American Homes 4 Rent click here.

Shares of American Homes 4 Rent closed at $43.00 yesterday.

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