Robert W. Baird initiated coverage on shares of Invitation Homes (NYSE:INVH) in a research note released on Thursday. The brokerage issued an outperform rating on the stock.
INVH has been the topic of a number of other reports. Citigroup began coverage on shares of Invitation Homes in a report on Friday, December 8th. They set a buy rating and a $27.00 target price on the stock. Mizuho reissued a buy rating and set a $25.00 target price on shares of Invitation Homes in a report on Tuesday, February 27th. B. Riley set a $26.00 price objective on shares of Invitation Homes and gave the company a buy rating in a research note on Wednesday, February 21st. JPMorgan Chase assumed coverage on shares of Invitation Homes in a research note on Tuesday, December 12th. They issued an overweight rating on the stock. Finally, Zacks Investment Research lowered shares of Invitation Homes from a buy rating to a hold rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Invitation Homes presently has an average rating of Buy and a consensus price target of $25.50.
INVH opened at $22.59 on Thursday. Invitation Homes has a fifty-two week low of $20.25 and a fifty-two week high of $24.30. 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 (NYSE:INVH) last posted its earnings results on Wednesday, February 21st. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. Invitation Homes had a negative net margin of 10.02% and a negative return on equity of 2.16%. The firm had revenue of $329.95 million for the quarter, compared to analyst estimates of $330.16 million. The firm’s revenue was up 40.7% compared to the same quarter last year. equities analysts expect that Invitation Homes will post 1.18 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in shares of Invitation Homes during the 4th quarter valued at $2,121,000. BlackRock Inc. lifted its position in shares of Invitation Homes by 344.8% during the 4th 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 during the period. Pensionfund DSM Netherlands acquired a new position in shares of Invitation Homes during the 4th quarter valued at $609,000. American Financial Group Inc. acquired a new position in shares of Invitation Homes during the 4th quarter valued at $228,000. Finally, Capital Growth Management LP lifted its position in shares of Invitation Homes by 2.5% during the 4th quarter. Capital Growth Management LP now owns 2,050,000 shares of the company’s stock valued at $48,318,000 after acquiring an additional 50,000 shares during the period.
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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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