Invitation Homes (INVH) Upgraded to “C-” by TheStreet

Invitation Homes (NYSE:INVH) was upgraded by research analysts at TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Wednesday.

Other equities research analysts have also issued reports about the company. Mizuho lowered Invitation Homes from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $23.00 in a research report on Wednesday, November 14th. Zacks Investment Research raised Invitation Homes from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Invitation Homes currently has an average rating of “Buy” and a consensus target price of $25.10.

Shares of INVH opened at $23.86 on Wednesday. Invitation Homes has a 12-month low of $19.21 and a 12-month high of $23.97. The firm has a market cap of $12.26 billion, a P/E ratio of 103.74, a PEG ratio of 3.30 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.12.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Invitation Homes had a positive return on equity of 0.64% and a negative net margin of 0.30%. The firm had revenue of $433.00 million for the quarter, compared to analysts’ expectations of $440.07 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 31.2% on a year-over-year basis. As a group, analysts predict that Invitation Homes will post 1.24 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cohen & Steers Inc. increased its holdings in shares of Invitation Homes by 11.8% during the fourth quarter. Cohen & Steers Inc. now owns 38,017,950 shares of the company’s stock valued at $763,400,000 after purchasing an additional 4,011,363 shares during the period. BlackRock Inc. increased its holdings in shares of Invitation Homes by 1.3% during the fourth quarter. BlackRock Inc. now owns 25,602,737 shares of the company’s stock valued at $514,104,000 after purchasing an additional 327,620 shares during the period. Daiwa Securities Group Inc. grew its holdings in Invitation Homes by 10.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 11,175,289 shares of the company’s stock worth $224,400,000 after acquiring an additional 1,079,549 shares during the period. Zimmer Partners LP grew its holdings in Invitation Homes by 58.2% during the fourth quarter. Zimmer Partners LP now owns 7,874,801 shares of the company’s stock worth $158,126,000 after acquiring an additional 2,896,804 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Invitation Homes by 11.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,014,865 shares of the company’s stock worth $80,618,000 after acquiring an additional 413,086 shares during the period.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

Read More: Book Value Per Share – BVPS

Analyst Recommendations for Invitation Homes (NYSE:INVH)

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