Keefe, Bruyette & Woods Reiterates “Buy” Rating for Invitation Home Inc. (INVH)
Invitation Home Inc. (NYSE:INVH)‘s stock had its “buy” rating reissued by analysts at Keefe, Bruyette & Woods in a report released on Tuesday. They currently have a $25.00 price target on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 10.47% from the company’s previous close.
A number of other analysts have also recently issued reports on INVH. FBR & Co reissued a “buy” rating on shares of Invitation Home in a report on Thursday, September 21st. Zacks Investment Research lowered Invitation Home from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Zelman & Associates raised Invitation Home from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Finally, Evercore ISI began coverage on Invitation Home in a research report on Monday, June 5th. They set an “outperform” rating and a $24.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $24.38.
Invitation Home (NYSE INVH) traded down 1.57% during midday trading on Tuesday, hitting $22.63. The stock had a trading volume of 1,932,112 shares. Invitation Home has a 52 week low of $19.80 and a 52 week high of $23.13. The stock’s market cap is $7.05 billion. The company has a 50-day moving average price of $22.54 and a 200-day moving average price of $22.54.
Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $242.22 million during 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 expect that Invitation Home will post ($0.10) EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantitative Systematic Strategies LLC bought a new position in shares of Invitation Home in the first quarter worth approximately $413,000. Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Invitation Home during the 1st quarter valued at $5,202,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Invitation Home during the 1st quarter valued at $7,051,000. Russell Investments Group Ltd. purchased a new stake in shares of Invitation Home during the 1st quarter valued at $10,048,000. Finally, Scott & Selber Inc. purchased a new stake in shares of Invitation Home during the 1st quarter valued at $1,515,000.
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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