Invitation Homes (NYSE:INVH) Now Covered by Barclays

Equities researchers at Barclays assumed coverage on shares of Invitation Homes (NYSE:INVH) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $38.00 price target on the stock. Barclays‘s price target indicates a potential upside of 14.67% from the company’s previous close.

A number of other brokerages have also recently commented on INVH. Evercore ISI upped their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada lowered their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price target for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods lowered their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes has an average rating of “Moderate Buy” and an average target price of $38.70.

Invitation Homes Stock Performance

Shares of NYSE:INVH opened at $33.14 on Tuesday. The stock has a market capitalization of $20.30 billion, a P/E ratio of 46.68, a P/E/G ratio of 5.06 and a beta of 1.03. 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 business has a 50-day moving average price of $33.58 and a two-hundred day moving average price of $34.89.

Institutional Investors Weigh In On Invitation Homes

Several large investors have recently made changes to their positions in the stock. Capital Square LLC boosted its holdings in shares of Invitation Homes by 1.3% in the 3rd quarter. Capital Square LLC now owns 23,726 shares of the company’s stock valued at $837,000 after buying an additional 308 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Invitation Homes by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after acquiring an additional 310 shares during the period. GAMMA Investing LLC raised its stake in Invitation Homes by 6.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after acquiring an additional 343 shares during the period. CWM LLC raised its stake in Invitation Homes by 5.1% in the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock valued at $257,000 after acquiring an additional 351 shares during the period. Finally, Inspire Investing LLC raised its stake in Invitation Homes by 0.6% in the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock valued at $2,279,000 after acquiring an additional 369 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Company Profile

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.