Invitation Homes (NYSE:INVH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $25.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.06% from the stock’s current price.
According to Zacks, “Invitation Homes Inc. provides real estate services. It focuses on owning, renovating, leasing and operating single-family residential properties primarily in the United States. Invitation Homes Inc. is headquartered in Dallas, Texas. “
A number of other brokerages have also recently weighed in on INVH. B. Riley started coverage on shares of Invitation Homes in a research note on Monday, March 12th. They issued a “buy” rating and a $26.00 price objective for the company. Robert W. Baird started coverage on shares of Invitation Homes in a research note on Thursday, April 5th. They issued an “outperform” rating for the company. Finally, Mizuho restated a “buy” rating and issued a $25.00 price objective on shares of Invitation Homes in a research note on Tuesday, February 27th. Thirteen equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $25.50.
Invitation Homes (NYSE:INVH) last issued its quarterly earnings data 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 business had revenue of $329.95 million during the quarter, compared to analysts’ expectations of $330.16 million. Invitation Homes’s revenue was up 40.7% compared to the same quarter last year. analysts anticipate that Invitation Homes will post 1.18 EPS for the current year.
A number of hedge funds have recently made changes to their positions in INVH. BlackRock Inc. increased its position in Invitation Homes by 344.8% during the fourth quarter. BlackRock Inc. now owns 21,966,336 shares of the company’s stock worth $517,746,000 after acquiring an additional 17,028,345 shares during the period. Zimmer Partners LP bought a new position in Invitation Homes during the fourth quarter worth $252,609,000. Bank of New York Mellon Corp increased its position in Invitation Homes by 1,605.4% during the fourth quarter. Bank of New York Mellon Corp now owns 8,722,439 shares of the company’s stock worth $205,587,000 after acquiring an additional 8,210,968 shares during the period. Daiwa Securities Group Inc. increased its position in Invitation Homes by 97,434.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,412,602 shares of the company’s stock worth $174,715,000 after acquiring an additional 7,405,002 shares during the period. Finally, Cbre Clarion Securities LLC increased its position in Invitation Homes by 173.5% during the fourth quarter. Cbre Clarion Securities LLC now owns 11,641,783 shares of the company’s stock worth $274,397,000 after acquiring an additional 7,385,803 shares during the period.
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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