Raymond James upgraded AMH to Outperform from Market Perform with a $35 price target. The firm sees signs that single-family rental leasing demand is accelerating. In addition, the House of Representatives last week released a "more industry-friendly" version of the 21st Century ROAD to Housing Act, the analyst tells investors in a research note. Raymond James says the new bill eliminates a contentious provision from the Senate's version that would have forced single-family rental dispositions after seven years for any newly acquired built-for-rent homes. It also enables single-family rental operators to continue buying new rental inventory from homebuilders, adds the firm.
