Citigroup started coverage on shares of Invitation Homes (NYSE:INVH) in a research note released on Friday morning, MarketBeat reports. The firm issued a buy rating and a $27.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Invitation Homes from a hold rating to a buy rating and set a $26.00 price target for the company in a report on Wednesday, September 6th. Keefe, Bruyette & Woods restated a buy rating and set a $25.00 price target on shares of Invitation Homes in a report on Tuesday, October 3rd. FBR & Co restated a buy rating on shares of Invitation Homes in a report on Thursday, September 21st. B. Riley reiterated a buy rating and issued a $26.00 target price on shares of Invitation Homes in a research note on Thursday, November 9th. Finally, Evercore ISI set a $26.00 target price on shares of Invitation Homes and gave the company an outperform rating in a research note on Monday, November 27th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $24.94.

Shares of Invitation Homes (NYSE:INVH) opened at $23.65 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.59. Invitation Homes has a fifty-two week low of $19.80 and a fifty-two week high of $23.93.

In related news, Director John Bartling sold 188,850 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $23.11, for a total value of $4,364,323.50. Following the completion of the transaction, the director now owns 482,665 shares of the company’s stock, valued at $11,154,388.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in Invitation Homes in the second quarter worth about $136,000. GAM Holding AG raised its position in Invitation Homes by 28.1% in the second quarter. GAM Holding AG now owns 7,300 shares of the company’s stock worth $158,000 after purchasing an additional 1,600 shares in the last quarter. Amica Retiree Medical Trust acquired a new position in Invitation Homes in the third quarter worth about $206,000. Schroder Investment Management Group acquired a new position in Invitation Homes in the third quarter worth about $219,000. Finally, Phocas Financial Corp. acquired a new position in Invitation Homes in the second quarter worth about $223,000.

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About Invitation Homes

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 Homes (NYSE:INVH)

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