Invitation Homes (NYSE:INVH) received a $26.00 target price from B. Riley in a report issued on Tuesday, January 2nd. The brokerage presently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 17.22% from the stock’s previous close. B. Riley also issued estimates for Invitation Homes’ Q4 2017 earnings at $0.29 EPS, FY2017 earnings at $1.06 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.25 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.38 EPS.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Invitation Homes from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.00 target price on shares of Invitation Homes in a research note on Tuesday, October 3rd. FBR & Co reiterated a “buy” rating on shares of Invitation Homes in a research note on Thursday, September 21st. Citigroup began coverage on Invitation Homes in a research note on Friday, December 8th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Deutsche Bank reiterated a “buy” rating and issued a $26.00 target price on shares of Invitation Homes in a research note on Wednesday, November 29th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Invitation Homes has an average rating of “Buy” and an average target price of $25.06.
Invitation Homes (NYSE:INVH) opened at $22.18 on Tuesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.84. Invitation Homes has a 1-year low of $19.80 and a 1-year high of $24.30.
Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, November 8th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.31). Invitation Homes had a negative return on equity of 2.85% and a negative net margin of 9.01%. equities research analysts expect that Invitation Homes will post 1.03 EPS for the current fiscal year.
In related news, Director John Bartling sold 188,850 shares of Invitation Homes stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $23.11, for a total transaction of $4,364,323.50. Following the sale, the director now directly owns 482,665 shares in the company, valued at $11,154,388.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in Invitation Homes by 22.3% during the third quarter. Principal Financial Group Inc. now owns 7,997,265 shares of the company’s stock worth $181,138,000 after acquiring an additional 1,459,063 shares during the period. Pensionfund DSM Netherlands acquired a new position in Invitation Homes during the fourth quarter worth about $609,000. AXA grew its holdings in Invitation Homes by 475.1% during the second quarter. AXA now owns 226,600 shares of the company’s stock worth $4,901,000 after acquiring an additional 187,200 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Invitation Homes by 11.0% during the second quarter. UBS Asset Management Americas Inc. now owns 267,704 shares of the company’s stock worth $5,790,000 after acquiring an additional 26,518 shares during the period. Finally, Capital Growth Management LP acquired a new position in Invitation Homes during the third quarter worth about $45,300,000.
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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.
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