Jefferies Financial Group Downgrades Invitation Homes (NYSE:INVH) to Hold

Invitation Homes (NYSE:INVH) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Thursday, MarketBeat reports. They currently have a $33.00 price objective on the stock, down from their previous price objective of $39.00. Jefferies Financial Group’s price objective indicates a potential upside of 3.22% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Barclays began coverage on shares of Invitation Homes in a research report on Tuesday, December 17th. They set an “overweight” rating and a $38.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Royal Bank of Canada cut their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods decreased their target price 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. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Invitation Homes has a consensus rating of “Moderate Buy” and a consensus price target of $38.37.

Invitation Homes Stock Performance

Shares of INVH opened at $31.97 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $33.17 and its two-hundred day simple moving average is $34.65. Invitation Homes has a 12 month low of $31.01 and a 12 month high of $37.80. The stock has a market capitalization of $19.59 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 5.03 and a beta of 1.03.

Institutional Investors Weigh In On Invitation Homes

Several large investors have recently modified their holdings of INVH. Natixis Advisors LLC grew its holdings in Invitation Homes by 34.0% during the second quarter. Natixis Advisors LLC now owns 215,529 shares of the company’s stock valued at $7,735,000 after purchasing an additional 54,675 shares during the period. Rhumbline Advisers raised its stake in Invitation Homes by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 1,171,761 shares of the company’s stock valued at $42,054,000 after acquiring an additional 4,484 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Invitation Homes by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock worth $1,775,000 after purchasing an additional 310 shares during the period. TD Asset Management Inc raised its position in shares of Invitation Homes by 1.0% in the second quarter. TD Asset Management Inc now owns 201,592 shares of the company’s stock valued at $7,235,000 after purchasing an additional 1,909 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Invitation Homes by 10.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,246,456 shares of the company’s stock worth $44,735,000 after buying an additional 114,426 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.