Shares of Invitation Home Inc. (NYSE:INVH) have been assigned an average recommendation of “Buy” from the fifteen analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.00.
A number of equities research analysts have recently weighed in on INVH shares. Zelman & Associates upgraded Invitation Home from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 price target on shares of Invitation Home in a report on Wednesday, March 29th. Zacks Investment Research upgraded Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, July 12th. Evercore ISI began coverage on Invitation Home in a research report on Monday, June 5th. They set an “outperform” rating and a $24.00 price objective for the company. Finally, FBR & Co restated a “buy” rating on shares of Invitation Home in a research report on Saturday, May 13th.
Several large investors have recently made changes to their positions in the company. Salem Investment Counselors Inc. bought a new stake in shares of Invitation Home during the first quarter worth about $109,000. PNC Financial Services Group Inc. bought a new stake in shares of Invitation Home during the first quarter worth about $111,000. SG Americas Securities LLC bought a new stake in shares of Invitation Home during the first quarter worth about $112,000. State of Alaska Department of Revenue bought a new stake in shares of Invitation Home during the second quarter worth about $136,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Invitation Home during the second quarter worth about $157,000.
Invitation Home (NYSE INVH) opened at 21.63 on Friday. The stock’s market cap is $6.71 billion. Invitation Home has a 1-year low of $19.80 and a 1-year high of $22.43. The company has a 50-day moving average of $21.52 and a 200 day moving average of $21.46.
Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Thursday, May 11th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.02. The business had revenue of $238.80 million during the quarter, compared to the consensus estimate of $238.10 million. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts predict that Invitation Home will post ($0.06) EPS for the current year.
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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