Analysts at Mizuho started coverage on shares of Invitation Homes (NYSE:INVH) in a research report issued to clients and investors on Thursday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other analysts also recently weighed in on INVH. Zacks Investment Research downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Deutsche Bank restated a “buy” rating and issued a $26.00 price target on shares of Invitation Homes in a report on Wednesday, November 29th. B. Riley set a $26.00 price target on shares of Invitation Homes and gave the stock a “buy” rating in a report on Wednesday, November 15th. FBR & Co restated a “buy” rating on shares of Invitation Homes in a report on Thursday, September 21st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 price target on shares of Invitation Homes in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $24.94.
Shares of Invitation Homes (NYSE:INVH) traded up $0.02 during trading hours on Thursday, hitting $23.70. 4,508,300 shares of the company’s stock were exchanged, compared to its average volume of 1,948,666. Invitation Homes has a 1 year low of $19.80 and a 1 year high of $23.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.59.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. purchased a new stake in shares of Invitation Homes in the second quarter valued at $30,253,000. Principal Financial Group Inc. lifted its holdings in shares of Invitation Homes by 22.3% in the third quarter. Principal Financial Group Inc. now owns 7,997,265 shares of the company’s stock valued at $181,138,000 after purchasing an additional 1,459,063 shares in the last quarter. Capital Growth Management LP purchased a new stake in shares of Invitation Homes in the third quarter valued at $45,300,000. UBS Asset Management Americas Inc. lifted its holdings in shares of Invitation Homes by 11.0% in the second quarter. UBS Asset Management Americas Inc. now owns 267,704 shares of the company’s stock valued at $5,790,000 after purchasing an additional 26,518 shares in the last quarter. Finally, AXA lifted its holdings in shares of Invitation Homes by 475.1% in the second quarter. AXA now owns 226,600 shares of the company’s stock valued at $4,901,000 after purchasing an additional 187,200 shares in the last quarter.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by American Market News and is owned by of American Market News. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/14/mizuho-begins-coverage-on-invitation-homes-invh.html.
Invitation Homes 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.
