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Research Alert: CFRA Keeps Sell Opinion On Shares Of American Homes 4 Rent
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Research Alert: CFRA Keeps Sell Opinion On Shares Of American Homes 4 Rent
May 8, 2026 8:03 AM

10:35 AM EDT, 05/08/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our $27 target using a forward P/FFO of 13.8x, factoring in lower FFO growth in 2026-2027. We keep our FFO estimates unchanged at $1.95 in 2026 and $2.05 in 2027 on projected revenue of $1.9B and $2.0B, respectively. AMH faces mounting operational headwinds from elevated housing supply and negative new lease spreads, compounded by heightened regulatory scrutiny that introduces material policy risk to the single-family rental business model. AMH has capital allocation focused on share repurchases, given the challenging acquisition environment, with $406.0M remaining authorization under new $500M program. Full-year FFO guidance maintained at 1.1%-4.3%, reflecting management's cautious outlook amid operational headwinds. Given same-store operating expense growth exceeding operating revenue growth, we are expecting cash NOI growth to remain near 1%-2% Y/Y in 2026. We believe economic uncertainty regarding U.S. job growth and affordability for single-family homes for rent present constraints on AMH growth.

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