The Invitation Homes Inc (INVH) Receives “Outperform” Rating from Royal Bank of Canada

The Invitation Homes Inc (INVH) Receives “Outperform” Rating from Royal Bank of Canada

Several other brokerages also recently issued reports on INVH. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $25.00 price objective on shares of Invitation Homes in a research report on Tuesday, February 28th. FBR & Co reaffirmed a “buy” rating on shares of Invitation Homes in a research report on Saturday, May 13th. Keefe, Bruyette & Woods assumed coverage on shares of Invitation Homes in a research report on Monday, February 27th. They issued a “market perform” rating and a $22.00 price objective for the company. Deutsche Bank AG assumed coverage on shares of Invitation Homes in a research report on Monday, February 27th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Wells Fargo & Co assumed coverage on shares of Invitation Homes in a research report on Monday, February 27th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $24.09.

Invitation Homes Inc (NYSE:INVH)‘s stock had its “outperform” rating reissued by analysts at Royal Bank of Canada in a research note issued on Tuesday, May 16th. They currently have a $24.00 price target on the stock, up from their previous price target of $23.00. Royal Bank of Canada’s price objective would indicate a potential upside of 9.44% from the stock’s current price.

Shares of Invitation Homes (NYSE INVH) traded up 1.15% on Tuesday, hitting $21.93. 490,139 shares of the stock traded hands. The company’s market cap is $6.81 billion. The stock has a 50 day moving average of $21.58 and a 200 day moving average of $21.46. Invitation Homes has a one year low of $19.80 and a one year high of $22.15.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Thursday, May 11th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $238.80 million for the quarter, compared to the consensus estimate of $238.10 million. Invitation Homes’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts anticipate that Invitation Homes will post ($0.06) earnings per share for the current year. The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, May 11th.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Thursday, May 11th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $238.80 million for the quarter, compared to the consensus estimate of $238.10 million. Invitation Homes’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts anticipate that Invitation Homes will post ($0.06) earnings per share for the current year. Several institutional investors have recently added to or reduced their stakes in INVH. Public Employees Retirement System of Ohio acquired a new position in Invitation Homes during the first quarter valued at approximately $901,000. Goldman Sachs Group Inc. acquired a new position in Invitation Homes during the first quarter valued at approximately $4,483,000. FNY Partners Fund LP acquired a new position in Invitation Homes during the first quarter valued at approximately $163,000. Salem Investment Counselors Inc. acquired a new position in Invitation Homes during the first quarter valued at approximately $109,000. Finally, Credit Suisse AG acquired a new position in Invitation Homes during the first quarter valued at approximately $2,938,000.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “INVH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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