Invitation Home Inc. (NYSE:INVH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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. “

Other equities analysts have also issued research reports about the company. FBR & Co reiterated a “buy” rating on shares of Invitation Home in a research report on Saturday, May 13th. Zelman & Associates upgraded Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.00 price target on shares of Invitation Home in a research report on Friday, August 18th. Evercore ISI initiated coverage on Invitation Home in a research report on Monday, June 5th. They issued an “outperform” rating and a $24.00 price target for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 price target (up previously from $23.00) on shares of Invitation Home in a research report on Tuesday, May 16th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $24.46.

Shares of Invitation Home (NYSE INVH) opened at 22.66 on Tuesday. The firm’s market capitalization is $7.06 billion. Invitation Home has a 12 month low of $19.80 and a 12 month high of $23.56. The stock has a 50 day moving average of $21.91 and a 200-day moving average of $21.61.

Invitation Home (NYSE:INVH) last announced its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $242.22 million for the quarter, compared to the consensus estimate of $240.58 million. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Invitation Home will post ($0.14) EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in INVH. Blackstone Group L.P. acquired a new stake in shares of Invitation Home during the first quarter worth approximately $4,801,407,000. Bank of New York Mellon Corp acquired a new stake in shares of Invitation Home during the first quarter worth approximately $54,770,000. Advantus Capital Management Inc acquired a new stake in shares of Invitation Home during the first quarter worth approximately $8,712,000. Goldman Sachs Group Inc. acquired a new stake in shares of Invitation Home during the first quarter worth approximately $4,483,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Invitation Home during the first quarter worth approximately $866,000.

About Invitation Home

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.

Analyst Recommendations for Invitation Home (NYSE:INVH)

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