Barclays Initiates Coverage on Invitation Homes (NYSE:INVH)

Research analysts at Barclays assumed coverage on shares of Invitation Homes (NYSE:INVH) in a report released on Tuesday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $38.00 price target on the stock. Barclays‘s price objective suggests a potential upside of 20.22% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 16th. 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 report on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Royal Bank of Canada decreased their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, Scotiabank dropped their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.70.

Invitation Homes Stock Down 2.4 %

NYSE:INVH opened at $31.61 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes has a twelve month low of $31.01 and a twelve month high of $37.80. The company has a market cap of $19.36 billion, a PE ratio of 44.52, a P/E/G ratio of 5.06 and a beta of 1.03. The company’s 50 day moving average is $33.56 and its two-hundred day moving average is $34.87.

Institutional Trading of Invitation Homes

Institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Invitation Homes by 767.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after buying an additional 4,883,564 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Invitation Homes by 9.3% during the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after purchasing an additional 997,353 shares in the last quarter. National Bank of Canada FI lifted its holdings in Invitation Homes by 214.5% during the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after purchasing an additional 780,760 shares in the last quarter. FMR LLC grew its position in shares of Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Invitation Homes by 144.5% during the third quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company’s stock worth $36,225,000 after purchasing an additional 607,163 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

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.