Robert W. Baird initiated coverage on shares of Invitation Homes (NYSE:INVH) in a research report report published on Wednesday, March 28th, MarketBeat.com reports. The brokerage issued an outperform rating and a $25.00 target price on the stock.
A number of other analysts have also issued reports on INVH. Zacks Investment Research lowered shares of Invitation Homes from a buy rating to a hold rating in a research note on Wednesday, February 14th. B. Riley began coverage on Invitation Homes in a report on Monday, March 12th. They issued a buy rating and a $26.00 price objective for the company. Deutsche Bank restated a buy rating and issued a $26.00 price objective on shares of Invitation Homes in a report on Wednesday, November 29th. JPMorgan Chase began coverage on Invitation Homes in a report on Tuesday, December 12th. They issued an overweight rating for the company. Finally, Mizuho began coverage on Invitation Homes in a report on Thursday, December 14th. They issued a buy rating and a $27.00 price objective for the company. Thirteen research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and an average price target of $25.50.
NYSE INVH traded up $0.06 on Wednesday, hitting $22.57. 1,584,953 shares of the stock were exchanged, compared to its average volume of 2,365,219. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.13. Invitation Homes has a 52-week low of $20.25 and a 52-week high of $24.30.
Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $329.95 million during the quarter, compared to analyst estimates of $330.16 million. Invitation Homes had a negative net margin of 10.02% and a negative return on equity of 2.16%. Invitation Homes’s revenue was up 40.7% compared to the same quarter last year. equities analysts anticipate that Invitation Homes will post 1.18 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas acquired a new position in shares of Invitation Homes during the fourth quarter valued at about $2,121,000. BlackRock Inc. increased its holdings in shares of Invitation Homes by 344.8% during the fourth quarter. BlackRock Inc. now owns 21,966,336 shares of the company’s stock valued at $517,746,000 after acquiring an additional 17,028,345 shares in the last quarter. Pensionfund DSM Netherlands acquired a new position in shares of Invitation Homes during the fourth quarter valued at about $609,000. American Financial Group Inc. acquired a new position in shares of Invitation Homes during the fourth quarter valued at about $228,000. Finally, California State Teachers Retirement System increased its holdings in shares of Invitation Homes by 250.7% during the fourth quarter. California State Teachers Retirement System now owns 515,998 shares of the company’s stock valued at $12,162,000 after acquiring an additional 368,885 shares in the last quarter.
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About Invitation Homes
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With more than 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.
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