Invitation Homes (NYSE:INVH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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. “

Other research analysts have also recently issued reports about the stock. B. Riley reissued a “buy” rating and set a $26.00 target price on shares of Invitation Homes in a research report on Thursday, November 9th. Citigroup started coverage on shares of Invitation Homes in a research note on Friday, December 8th. They issued a “buy” rating and a $27.00 price target for the company. Deutsche Bank restated a “buy” rating and issued a $26.00 price target on shares of Invitation Homes in a research note on Wednesday, November 29th. Evercore ISI set a $26.00 price target on shares of Invitation Homes and gave the stock an “outperform” rating in a research note on Monday, November 27th. Finally, Mizuho started coverage on shares of Invitation Homes in a research note on Thursday, December 14th. They issued a “buy” rating and a $27.00 price target for the company. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $25.06.

Invitation Homes (INVH) opened at $21.05 on Wednesday. Invitation Homes has a 12-month low of $20.25 and a 12-month high of $24.30. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $10,910.00 and a price-to-earnings ratio of -77.96.

In other Invitation Homes news, Director John Bartling sold 188,850 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $23.11, for a total transaction of $4,364,323.50. Following the completion of the sale, the director now owns 482,665 shares in the company, valued at $11,154,388.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A number of hedge funds have recently added to or reduced their stakes in the business. Chilton Capital Management LLC bought a new stake in Invitation Homes during the fourth quarter valued at $3,574,000. Renaissance Technologies LLC increased its stake in Invitation Homes by 140.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,686,378 shares of the company’s stock valued at $39,748,000 after purchasing an additional 985,378 shares during the last quarter. HGI Capital Management LLC bought a new stake in Invitation Homes during the fourth quarter valued at $1,912,000. AWH Capital L.P. bought a new stake in Invitation Homes during the fourth quarter valued at $5,174,000. Finally, Highlander Capital Management LLC bought a new stake in Invitation Homes during the fourth quarter valued at $1,723,000.

ILLEGAL ACTIVITY WARNING: “Invitation Homes (INVH) Downgraded by Zacks Investment Research to Hold” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://theolympiareport.com/2018/02/14/invitation-homes-invh-downgraded-by-zacks-investment-research-to-hold.html.

Invitation Homes 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.

Get a free copy of the Zacks research report on Invitation Homes (INVH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Invitation Homes (NYSE:INVH)

Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.