Invitation Home Inc. (INVH) Rating Lowered to Hold at Zacks Investment Research
Invitation Home Inc. (NYSE:INVH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “Invitation Homes Inc. provides real estate services. It focuses on owning, renovating, leasing and operating single-family residential properties primarily in the United States. Invitation Homes Inc. is headquartered in Dallas, Texas. “
A number of other equities research analysts also recently commented on INVH. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.00 price target on shares of Invitation Home in a report on Friday, August 18th. Zelman & Associates upgraded shares of Invitation Home from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Finally, Evercore ISI began coverage on shares of Invitation Home in a report on Monday, June 5th. They set an “outperform” rating and a $24.00 price target for the company. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $24.38.
Invitation Home (INVH) traded up 0.99% during trading on Thursday, reaching $22.40. 1,684,611 shares of the company’s stock traded hands. Invitation Home has a 1-year low of $19.80 and a 1-year high of $23.13. The firm’s market capitalization is $6.97 billion. The firm has a 50 day moving average of $22.45 and a 200 day moving average of $22.12.
Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm 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% compared to the same quarter last year. Equities analysts forecast that Invitation Home will post ($0.10) EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. purchased a new stake in Invitation Home in the first quarter valued at approximately $109,000. PNC Financial Services Group Inc. purchased a new stake in Invitation Home in the first quarter valued at approximately $111,000. SG Americas Securities LLC purchased a new stake in Invitation Home in the first quarter valued at approximately $112,000. State of Alaska Department of Revenue purchased a new stake in Invitation Home in the second quarter valued at approximately $136,000. Finally, Meeder Asset Management Inc. purchased a new stake in Invitation Home in the second quarter valued at approximately $157,000.
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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