Invitation Homes (NYSE:INVH) Receives “Market Outperform” Rating from JMP Securities

Invitation Homes (NYSE:INVH)‘s stock had its “market outperform” rating restated by analysts at JMP Securities in a research note issued to investors on Thursday,Benzinga reports. They presently have a $40.00 price target on the stock. JMP Securities’ price objective indicates a potential upside of 20.96% from the stock’s previous close.

Several other research firms also recently issued reports on INVH. Keefe, Bruyette & Woods reduced their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada decreased their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Evercore ISI lifted their price objective on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. Finally, Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.80.

Invitation Homes Price Performance

Shares of INVH stock opened at $33.07 on Thursday. Invitation Homes has a 1 year low of $31.01 and a 1 year high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $33.60 and its 200-day moving average is $34.88. The firm has a market capitalization of $20.26 billion, a price-to-earnings ratio of 46.58, a PEG ratio of 5.06 and a beta of 1.03.

Institutional Trading of Invitation Homes

Hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its stake in Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after acquiring an additional 641 shares during the period. Paladin Wealth LLC bought a new position in shares of Invitation Homes during the 3rd quarter valued at about $40,000. Family Firm Inc. acquired a new position in shares of Invitation Homes in the 2nd quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC bought a new stake in Invitation Homes during the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC bought a new stake in Invitation Homes during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.