Invitation Homes (NYSE:INVH) Stock Rating Lowered by Jefferies Financial Group

Invitation Homes (NYSE:INVH) was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a $33.00 target price on the stock, down from their previous target price of $39.00. Jefferies Financial Group’s target price indicates a potential upside of 3.35% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Mizuho dropped their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Keefe, Bruyette & Woods reduced their price target on shares of 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. The Goldman Sachs Group began coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.37.

Invitation Homes Trading Up 1.6 %

NYSE:INVH opened at $31.93 on Thursday. The company has a market capitalization of $19.56 billion, a P/E ratio of 44.97, a PEG ratio of 5.03 and a beta of 1.03. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes has a 12 month low of $31.01 and a 12 month high of $37.80. The firm has a fifty day simple moving average of $33.08 and a 200-day simple moving average of $34.60.

Institutional Investors Weigh In On Invitation Homes

Institutional investors have recently bought and sold shares of the company. Orion Portfolio Solutions LLC purchased a new position in Invitation Homes in the 3rd quarter valued at $263,000. Swedbank AB lifted its stake in shares of Invitation Homes by 25.1% in the third quarter. Swedbank AB now owns 574,855 shares of the company’s stock worth $20,269,000 after buying an additional 115,211 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Invitation Homes during the third quarter worth about $3,825,000. Bank of Montreal Can raised its holdings in Invitation Homes by 18.0% in the 2nd quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock valued at $19,566,000 after acquiring an additional 83,142 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock valued at $2,508,000 after acquiring an additional 61,973 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Company Profile

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.