Deutsche Bank Lowers Price Target for American Homes 4 Rent to $30, Citing Regulatory Headwinds

Deutsche Bank has lowered its price target on American Homes 4 Rent (AMH) to $30 from $34, maintaining a Hold rating. The bank described the company's buyback as "prudent" but noted regulatory headwinds remain challenging. Mizuho and Scotiabank have also lowered their price targets, citing occupancy levels below pre-COVID levels and the need to wait for improved growth catalysts. AMH reported Q4 core FFO in line with estimates and revenue slightly below consensus. The company is focused on expanding housing supply and enhancing resident experience.