Invitation Homes (NYSE:INVH) Raised to "Buy" at Citigroup

Invitation Homes (NYSE:INVH - Get Free Report) was upgraded by Citigroup from a "neutral" rating to a "buy" rating in a research note issued to investors on Friday,Briefing.com Automated Import reports.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods raised their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Scotiabank lifted their price objective on Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Raymond James increased their target price on Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, The Goldman Sachs Group raised their target price on Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.94.

Invitation Homes Trading Down 1.0%

Shares of NYSE INVH opened at $32.90 on Friday. The firm's 50 day moving average price is $33.53 and its 200-day moving average price is $32.89. Invitation Homes has a 52-week low of $29.37 and a 52-week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $20.17 billion, a PE ratio of 46.34, a P/E/G ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. During the same period in the previous year, the business earned $0.47 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Invitation Homes will post 1.83 EPS for the current fiscal year.

Institutional Trading of Invitation Homes

Several institutional investors and hedge funds have recently modified their holdings of INVH. Virtus ETF Advisers LLC lifted its holdings in Invitation Homes by 7.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after purchasing an additional 319 shares in the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of Invitation Homes by 2.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock worth $400,000 after buying an additional 319 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after acquiring an additional 329 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after acquiring an additional 378 shares in the last quarter. Finally, Horizon Investments LLC grew its stake in Invitation Homes by 5.0% during the first quarter. Horizon Investments LLC now owns 8,182 shares of the company's stock valued at $285,000 after acquiring an additional 386 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.

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