Invitation Homes (NYSE:INVH) Price Target Cut to $36.00 by Analysts at Barclays

Invitation Homes (NYSE:INVHGet Free Report) had its price target decreased by stock analysts at Barclays from $38.00 to $36.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 17.87% from the company’s previous close.

INVH has been the topic of several other reports. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods reduced 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. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $35.00 in a report on Friday. Royal Bank of Canada cut their price objective 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, JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.47.

Check Out Our Latest Analysis on Invitation Homes

Invitation Homes Stock Up 0.1 %

INVH stock opened at $30.54 on Friday. The stock has a 50-day simple moving average of $32.42 and a two-hundred day simple moving average of $34.08. Invitation Homes has a twelve month low of $30.13 and a twelve month high of $37.80. The firm has a market capitalization of $18.71 billion, a PE ratio of 43.02, a PEG ratio of 4.51 and a beta of 1.04. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. State Street Corp grew its holdings in Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after acquiring an additional 298,307 shares during the last quarter. FMR LLC boosted its holdings in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after purchasing an additional 753,464 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after purchasing an additional 997,353 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Invitation Homes by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock valued at $231,562,000 after purchasing an additional 248,701 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after buying an additional 1,089,281 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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