Invitation Home Inc. (INVH) Stock Rating Upgraded by Zacks Investment Research
Invitation Home Inc. (NYSE:INVH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $25.00 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 8.70% from the company’s current price.
According to Zacks, “Invitation Homes Inc. provides real estate services. It focuses on owning, renovating, leasing and operating single-family residential properties primarily in the United States. Invitation Homes Inc. is headquartered in Dallas, Texas. “
A number of other equities research analysts have also issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $24.00 price objective (up from $23.00) on shares of Invitation Home in a report on Tuesday, May 16th. Evercore ISI assumed coverage on shares of Invitation Home in a report on Monday, June 5th. They issued an “outperform” rating and a $24.00 target price for the company. Zelman & Associates raised shares of Invitation Home from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Keefe, Bruyette & Woods raised shares of Invitation Home from a “market perform” rating to an “outperform” rating and cut their target price for the company from $23.00 to $22.00 in a report on Monday, August 14th. Finally, FBR & Co reissued a “buy” rating on shares of Invitation Home in a report on Saturday, May 13th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $24.38.
Invitation Home (NYSE:INVH) traded up 1.50% during mid-day trading on Wednesday, hitting $23.00. 809,682 shares of the company traded hands. The firm has a 50 day moving average of $21.91 and a 200 day moving average of $21.61. Invitation Home has a one year low of $19.80 and a one year high of $23.56. The firm’s market capitalization is $7.16 billion.
Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $242.22 million for the quarter, compared to analysts’ expectations of $240.58 million. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts expect that Invitation Home will post ($0.14) earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of INVH. Sei Investments Co. purchased a new position in Invitation Home during the first quarter valued at approximately $3,351,000. UBS Asset Management Americas Inc. purchased a new position in Invitation Home during the first quarter valued at approximately $5,265,000. Cambiar Investors LLC purchased a new position in Invitation Home during the first quarter valued at approximately $42,328,000. BNP Paribas Arbitrage SA purchased a new position in Invitation Home during the first quarter valued at approximately $566,000. Finally, Bank of New York Mellon Corp purchased a new position in Invitation Home during the first quarter valued at approximately $54,770,000.
Invitation Home Company Profile
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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