Invitation Homes (NYSE:INVH) Given New $41.00 Price Target at Credit Suisse Group

Invitation Homes (NYSE:INVH) had its price objective increased by research analysts at Credit Suisse Group from $36.00 to $41.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective suggests a potential upside of 8.04% from the company’s current price.

A number of other analysts have also recently weighed in on INVH. TheStreet raised shares of Invitation Homes from a “c” rating to a “b-” rating in a report on Tuesday, February 16th. Royal Bank of Canada began coverage on shares of Invitation Homes in a research note on Tuesday, March 30th. They set an “outperform” rating and a $35.00 price objective on the stock. Zacks Investment Research upgraded Invitation Homes from a “sell” rating to a “hold” rating in a research note on Tuesday, May 25th. B. Riley increased their price target on Invitation Homes from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, May 3rd. Finally, Morgan Stanley boosted their price objective on Invitation Homes from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Invitation Homes currently has a consensus rating of “Buy” and a consensus price target of $36.42.

Shares of Invitation Homes stock opened at $37.95 on Friday. The company has a 50-day moving average price of $34.78. Invitation Homes has a fifty-two week low of $25.96 and a fifty-two week high of $38.00. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of 105.42, a P/E/G ratio of 7.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.04 and a current ratio of 1.04.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, April 28th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.23). The firm had revenue of $475.20 million during the quarter, compared to analyst estimates of $473.21 million. Invitation Homes had a return on equity of 2.40% and a net margin of 11.01%. Invitation Homes’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. On average, equities analysts anticipate that Invitation Homes will post 1.38 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Invitation Homes in the 4th quarter worth $154,083,000. Long Pond Capital LP acquired a new position in shares of Invitation Homes in the 1st quarter worth approximately $136,552,000. Resolution Capital Ltd raised its holdings in shares of Invitation Homes by 24.3% in the 4th quarter. Resolution Capital Ltd now owns 14,048,977 shares of the company’s stock worth $417,255,000 after purchasing an additional 2,747,509 shares in the last quarter. BlackRock Inc. lifted its stake in Invitation Homes by 5.2% during the fourth quarter. BlackRock Inc. now owns 46,310,336 shares of the company’s stock valued at $1,375,417,000 after purchasing an additional 2,302,737 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Invitation Homes by 53.4% during the fourth quarter. Morgan Stanley now owns 4,376,372 shares of the company’s stock worth $129,979,000 after buying an additional 1,523,531 shares in the last quarter. Hedge funds and other institutional investors own 99.33% of the company’s stock.

About Invitation Homes

Invitation Homes is the nation's premier single-family home leasing 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.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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