Invitation Home Inc. (INVH) Earns Buy Rating from Analysts at BTIG Research
BTIG Research initiated coverage on shares of Invitation Home Inc. (NYSE:INVH) in a research note published on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $26.00 price target on the stock.
INVH has been the topic of several other reports. Zelman & Associates raised shares of Invitation Home from a hold rating to a buy rating in a research note on Friday, June 23rd. Zacks Investment Research cut shares of Invitation Home from a buy rating to a hold rating in a report on Monday, September 4th. Keefe, Bruyette & Woods upgraded shares of Invitation Home from a market perform rating to an outperform rating and cut their price target for the company from $23.00 to $22.00 in a report on Monday, August 14th. Finally, FBR & Co reiterated a buy rating on shares of Invitation Home in a report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Invitation Home has a consensus rating of Buy and an average target price of $24.50.
Invitation Home (NYSE INVH) traded down 0.22% during midday trading on Monday, hitting $22.59. 226,102 shares of the stock were exchanged. The stock’s market cap is $7.03 billion. Invitation Home has a 1-year low of $19.80 and a 1-year high of $23.56. The company’s 50 day moving average is $22.56 and its 200-day moving average is $22.56.
Invitation Home (NYSE:INVH) last issued its earnings results on Thursday, August 10th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $242.22 million during the quarter, compared to analysts’ expectations of $240.58 million. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect 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 added to or reduced their stakes in INVH. Salem Investment Counselors Inc. bought a new stake in Invitation Home in the first quarter valued at $109,000. PNC Financial Services Group Inc. bought a new stake in Invitation Home in the first quarter valued at $111,000. SG Americas Securities LLC bought a new stake in Invitation Home in the first quarter valued at $112,000. State of Alaska Department of Revenue bought a new stake in Invitation Home in the second quarter valued at $136,000. Finally, Meeder Asset Management Inc. bought a new stake in Invitation Home in the second quarter valued at $157,000.
About Invitation Home
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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