Invitation Homes (INVH) Raised to Buy at Zacks Investment Research

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.

Shares of Invitation Homes stock opened at $22.51 on Wednesday. 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 1-year low of $20.25 and a 1-year high of $24.30. The firm has a market capitalization of $7,145.58, a PE ratio of 86.58, a PEG ratio of 3.43 and a beta of -0.42.

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.

ILLEGAL ACTIVITY NOTICE: “Invitation Homes (INVH) Raised to Buy at Zacks Investment Research” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3372773/invitation-homes-invh-raised-to-buy-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Invitation Homes (INVH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Invitation Homes (NYSE:INVH)

Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Epizyme  Upgraded by ValuEngine to “Hold”
Epizyme Upgraded by ValuEngine to “Hold”
MediWound  Downgraded by ValuEngine to Sell
MediWound Downgraded by ValuEngine to Sell
Plantronics  Upgraded to “Buy” at ValuEngine
Plantronics Upgraded to “Buy” at ValuEngine
Veracyte  Upgraded by ValuEngine to “Sell”
Veracyte Upgraded by ValuEngine to “Sell”
Ferroglobe  Price Target Raised to $15.00 at JPMorgan Chase & Co.
Ferroglobe Price Target Raised to $15.00 at JPMorgan Chase & Co.
Premier Oil  Upgraded to “Hold” at Zacks Investment Research
Premier Oil Upgraded to “Hold” at Zacks Investment Research


© 2006-2018 Ticker Report. Google+.