Invitation Home Inc. (INVH) Rating Increased to Outperform at Keefe, Bruyette & Woods
Invitation Home Inc. (NYSE:INVH) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Monday.
A number of other equities analysts have also recently weighed in on INVH. FBR & Co reiterated a “buy” rating on shares of Invitation Home in a report on Saturday, May 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $24.00 price target (up from $23.00) on shares of Invitation Home in a report on Tuesday, May 16th. Evercore ISI initiated coverage on Invitation Home in a report on Monday, June 5th. They set an “outperform” rating and a $24.00 price target for the company. Zelman & Associates upgraded Invitation Home from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research upgraded Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $24.08.
Shares of Invitation Home (NYSE:INVH) opened at 21.92 on Monday. The company’s market capitalization is $6.82 billion. Invitation Home has a 52-week low of $19.80 and a 52-week high of $22.43. The stock’s 50 day moving average price is $21.47 and its 200 day moving average price is $21.46.
Invitation Home (NYSE:INVH) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, topping 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 was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Invitation Home will post ($0.09) earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of INVH. Henderson Group PLC purchased a new position in Invitation Home during the first quarter valued at about $6,064,000. Daiwa Securities Group Inc. purchased a new position in Invitation Home during the first quarter valued at about $66,012,000. First Trust Advisors LP purchased a new position in Invitation Home during the first quarter valued at about $570,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Invitation Home during the first quarter valued at about $1,647,000. Finally, APG Asset Management US Inc. purchased a new position in Invitation Home during the first quarter valued at about $141,895,000.
Invitation Home 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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