B. Riley Begins Coverage on Invitation Homes (INVH)
Investment analysts at B. Riley initiated coverage on shares of Invitation Homes (NYSE:INVH) in a report issued on Monday. The firm set a “buy” rating and a $26.00 price target on the stock. B. Riley’s target price suggests a potential upside of 14.74% from the company’s current price.
A number of other equities research analysts have also recently weighed in on INVH. Mizuho reaffirmed a “buy” rating and set a $25.00 price target on shares of Invitation Homes in a report on Tuesday, February 27th. Zacks Investment Research cut Invitation Homes from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Evercore ISI set a $26.00 price target on Invitation Homes and gave the company an “outperform” rating in a report on Monday, November 27th. JPMorgan Chase & Co. assumed coverage on Invitation Homes in a report on Tuesday, December 12th. They set an “overweight” rating on the stock. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $26.00 price target on shares of Invitation Homes in a report on Wednesday, November 29th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Invitation Homes presently has an average rating of “Buy” and an average target price of $25.56.
Shares of Invitation Homes (NYSE INVH) opened at $22.66 on Monday. The firm has a market capitalization of $11,750.00 and a P/E ratio of -75.53. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.59. Invitation Homes has a twelve month low of $20.25 and a twelve month high of $24.30.
Large investors have recently made changes to their positions in the stock. Pensionfund DSM Netherlands bought a new stake in Invitation Homes during the fourth quarter worth approximately $609,000. Teacher Retirement System of Texas bought a new stake in Invitation Homes during the fourth quarter worth approximately $2,121,000. American Financial Group Inc. bought a new stake in Invitation Homes during the fourth quarter worth approximately $228,000. Capital Growth Management LP raised its holdings in Invitation Homes by 2.5% during the fourth quarter. Capital Growth Management LP now owns 2,050,000 shares of the company’s stock worth $48,318,000 after purchasing an additional 50,000 shares in the last quarter. Finally, RMR Advisors LLC bought a new stake in Invitation Homes during the fourth quarter worth approximately $1,103,000.
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Invitation Homes 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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