Mizuho upgraded American Homes 4 Rent and Invitation Homes from neutral to outperform, targeting the single-family rental sector as the 10-year Treasury yield hit 5.23% on Friday, a level not seen since 2007. American Homes 4 Rent, down more than 4% year-to-date, offers a 4.2% dividend yield and a 95.9% occupancy rate in August, with a $36 price target implying 17% upside. Invitation Homes, with a 4.5% dividend yield, has a 96.3% occupancy rate and a $32 price target representing more than 20% upside.
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