Invitation Home Inc. (NYSE:INVH) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Monday, Marketbeat.com reports. The firm presently has a $22.00 price target on the stock, down from their prior price target of $23.00. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 4.10% from the company’s current price.
Other research analysts also recently issued research reports about the company. FBR & Co reiterated a “buy” rating on shares of Invitation Home in a report on Saturday, May 13th. Evercore ISI started coverage on Invitation Home in a research note on Monday, June 5th. They issued an “outperform” rating and a $24.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $24.00 target price (up previously from $23.00) on shares of Invitation Home in a research note on Tuesday, May 16th. Zacks Investment Research raised Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, July 12th. Finally, Zelman & Associates raised Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.08.
Shares of Invitation Home (NYSE INVH) opened at 22.94 on Monday. The company’s 50 day moving average price is $21.54 and its 200-day moving average price is $21.48. The firm’s market cap is $7.14 billion. Invitation Home has a 1-year low of $19.80 and a 1-year high of $23.01.
Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $242.22 million for the quarter, compared to analysts’ expectations of $240.58 million. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts expect that Invitation Home will post ($0.09) EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of INVH. Quantitative Systematic Strategies LLC acquired a new stake in shares of Invitation Home during the first quarter valued at approximately $413,000. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of Invitation Home during the first quarter valued at approximately $5,202,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Invitation Home during the first quarter valued at approximately $7,051,000. Russell Investments Group Ltd. acquired a new stake in shares of Invitation Home during the first quarter valued at approximately $10,048,000. Finally, Scott & Selber Inc. acquired a new stake in shares of Invitation Home during the first quarter valued at approximately $1,515,000.
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.
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