Invitation Home Inc. (NYSE:INVH)‘s stock had its “buy” rating reiterated by analysts at Keefe, Bruyette & Woods in a report released on Tuesday. They presently have a $25.00 target price on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 9.55% from the company’s previous close.
Several other equities research analysts have also weighed in on INVH. FBR & Co reaffirmed a “buy” rating on shares of Invitation Home in a research report on Thursday, September 21st. Zacks Investment Research raised Invitation Home from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, August 23rd. Zelman & Associates raised Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, Evercore ISI began coverage on Invitation Home in a research report on Monday, June 5th. They issued an “outperform” rating and a $24.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.38.
Shares of Invitation Home (INVH) opened at 22.82 on Tuesday. Invitation Home has a 12 month low of $19.80 and a 12 month high of $23.13. The stock’s market capitalization is $7.11 billion. The firm’s 50 day moving average is $22.56 and its 200 day moving average is $22.56.
Invitation Home (NYSE:INVH) last issued its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $242.22 million during the quarter, compared to analyst estimates of $240.58 million. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Invitation Home will post ($0.10) earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of INVH. First Trust Advisors LP acquired a new position in shares of Invitation Home during the first quarter valued at $570,000. US Bancorp DE acquired a new position in shares of Invitation Home during the first quarter valued at $241,000. BNP Paribas Arbitrage SA acquired a new position in shares of Invitation Home during the first quarter valued at $566,000. UBS Asset Management Americas Inc. acquired a new position in shares of Invitation Home during the first quarter valued at $5,265,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Invitation Home during the first quarter valued at $530,000.
About Invitation Home
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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