Invitation Home Inc. (INVH) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Invitation Home Inc. (NYSE:INVH) from a buy rating to a hold rating in a research note issued to investors on Tuesday.
According to Zacks, “Invitation Homes Inc. provides real estate services. It focuses on owning, renovating, leasing and operating single-family residential properties primarily in the United States. Invitation Homes Inc. is headquartered in Dallas, Texas. “
A number of other research analysts also recently issued reports on the company. Keefe, Bruyette & Woods restated a buy rating and set a $25.00 price target on shares of Invitation Home in a research note on Friday, August 18th. Zelman & Associates upgraded Invitation Home from a hold rating to a buy rating in a research note on Friday, June 23rd. Evercore ISI assumed coverage on Invitation Home in a research note on Monday, June 5th. They set an outperform rating and a $24.00 price target on the stock. Royal Bank Of Canada restated an outperform rating and set a $24.00 price target (up previously from $23.00) on shares of Invitation Home in a research note on Tuesday, May 16th. Finally, FBR & Co restated a buy rating on shares of Invitation Home in a research note on Saturday, May 13th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $24.38.
Shares of Invitation Home (NYSE INVH) opened at 23.26 on Tuesday. Invitation Home has a 12 month low of $19.80 and a 12 month high of $23.56. The stock’s market cap is $7.24 billion. The company has a 50-day moving average price of $22.13 and a 200-day moving average price of $21.68.
Invitation Home (NYSE:INVH) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $242.22 million for the quarter, compared to analysts’ expectations of $240.58 million. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Invitation Home will post ($0.14) EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Invitation Home Inc. (INVH) Downgraded to “Hold” at Zacks Investment Research” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://theolympiareport.com/2017/09/02/invitation-home-inc-invh-downgraded-to-hold-at-zacks-investment-research.html.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were paid a $0.08 dividend. This is an increase from Invitation Home’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, August 11th.
Several hedge funds and other institutional investors have recently made changes to their positions in INVH. Sei Investments Co. bought a new position in shares of Invitation Home during the first quarter valued at $3,351,000. UBS Asset Management Americas Inc. bought a new position in shares of Invitation Home during the first quarter valued at $5,265,000. Cambiar Investors LLC bought a new position in shares of Invitation Home during the first quarter valued at $42,328,000. BNP Paribas Arbitrage SA bought a new position in shares of Invitation Home during the first quarter valued at $566,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Invitation Home during the first quarter valued at $54,770,000.
Invitation Home Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Invitation Home Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Home Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.