Invitation Home Inc. (NYSE:INVH) has been assigned a $26.00 price objective by investment analysts at B. Riley in a report released on Wednesday. The firm presently has a “buy” rating on the stock. B. Riley’s target price would suggest a potential upside of 10.64% from the company’s previous close.
A number of other research firms also recently weighed in on INVH. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.00 price target on shares of Invitation Home in a research note on Friday, August 18th. BTIG Research assumed coverage on Invitation Home in a report on Monday, October 9th. They issued a “buy” rating and a $26.00 target price for the company. FBR & Co reiterated a “buy” rating on shares of Invitation Home in a research note on Thursday, September 21st. Finally, Zacks Investment Research upgraded Invitation Home from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $24.60.
Invitation Home (INVH) opened at $23.50 on Wednesday. Invitation Home has a 52 week low of $19.80 and a 52 week high of $23.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.43 and a current ratio of 1.43.
Hedge funds and other institutional investors have recently made changes to their positions in the company. APG Asset Management US Inc. grew its holdings in Invitation Home by 18.6% during the 3rd quarter. APG Asset Management US Inc. now owns 10,900,582 shares of the company’s stock valued at $246,898,000 after purchasing an additional 1,712,493 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Invitation Home by 22.3% in the 3rd quarter. Principal Financial Group Inc. now owns 7,997,265 shares of the company’s stock worth $181,138,000 after purchasing an additional 1,459,063 shares during the period. Vanguard Group Inc. purchased a new stake in shares of Invitation Home in the 1st quarter worth approximately $159,769,000. Cbre Clarion Securities LLC lifted its position in shares of Invitation Home by 15.0% in the 2nd quarter. Cbre Clarion Securities LLC now owns 4,970,343 shares of the company’s stock worth $107,509,000 after purchasing an additional 649,707 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Invitation Home by 16.7% in the 2nd quarter. BlackRock Inc. now owns 4,955,788 shares of the company’s stock worth $107,194,000 after purchasing an additional 709,908 shares during the period.
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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