BTIG Research began coverage on shares of Invitation Home Inc. (NYSE:INVH) in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $26.00 price objective on the stock.
A number of other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods restated a buy rating and issued a $25.00 price objective on shares of Invitation Home in a report on Tuesday, October 3rd. FBR & Co restated a buy rating on shares of Invitation Home in a report on Thursday, September 21st. Finally, Zacks Investment Research lowered shares of Invitation Home from a buy rating to a hold rating in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $24.50.
Invitation Home (INVH) opened at 22.50 on Monday. Invitation Home has a 12 month low of $19.80 and a 12 month high of $23.13. The firm’s market capitalization is $7.01 billion. The stock’s 50 day moving average price is $22.56 and its 200-day moving average price is $22.56.
Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The firm had revenue of $242.22 million during the quarter, compared to analyst estimates of $240.58 million. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts forecast that Invitation Home will post ($0.10) earnings per share for the current year.
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A number of large investors have recently made changes to their positions in INVH. Salem Investment Counselors Inc. acquired a new stake in Invitation Home during the 1st quarter worth $109,000. PNC Financial Services Group Inc. acquired a new stake in Invitation Home during the 1st quarter worth $111,000. SG Americas Securities LLC acquired a new stake in Invitation Home during the 1st quarter worth $112,000. State of Alaska Department of Revenue acquired a new stake in Invitation Home during the 2nd quarter worth $136,000. Finally, Meeder Asset Management Inc. acquired a new stake in Invitation Home during the 2nd quarter worth $157,000.
Invitation Home 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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