Invitation Home (NYSE:INVH) Price Target Raised to $31.00 at Keefe, Bruyette & Woods

Invitation Home (NYSE:INVH) had its price target upped by stock analysts at Keefe, Bruyette & Woods from $29.00 to $31.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 2.43% from the stock’s previous close.

INVH has been the subject of several other research reports. Barclays increased their price objective on shares of Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of Invitation Home from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada raised their price target on shares of Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Scotiabank lifted their price target on shares of Invitation Home from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Finally, Mizuho boosted their price objective on shares of Invitation Home from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, June 17th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Invitation Home currently has a consensus rating of “Hold” and a consensus price target of $32.68.

Invitation Home Stock Down 0.7%

Shares of NYSE:INVH traded down $0.20 during mid-day trading on Wednesday, hitting $30.27. 1,059,767 shares of the company traded hands, compared to its average volume of 6,142,941. The firm has a market cap of $17.88 billion, a P/E ratio of 27.77, a PEG ratio of 3.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 52-week low of $24.25 and a 52-week high of $31.38. The firm’s 50 day simple moving average is $29.68 and its 200 day simple moving average is $27.74.

Institutional Trading of Invitation Home

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Invitation Home in the fourth quarter valued at $1,438,952,000. Rush Island Management LP acquired a new position in Invitation Home during the 1st quarter worth $105,292,000. UBS Group AG increased its position in shares of Invitation Home by 101.4% in the 3rd quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock worth $145,966,000 after purchasing an additional 2,505,909 shares during the last quarter. Amundi increased its position in shares of Invitation Home by 169.0% in the 3rd quarter. Amundi now owns 3,296,876 shares of the company’s stock worth $93,038,000 after purchasing an additional 2,071,407 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Invitation Home by 79.6% in the 4th quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock valued at $125,737,000 after purchasing an additional 2,004,728 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.