J P Morgan Chase & Co started coverage on shares of Invitation Homes (NYSE:INVH) in a report issued on Tuesday morning. The firm issued an overweight rating on the stock.

A number of other research firms have also recently weighed in on INVH. FBR & Co restated a buy rating on shares of Invitation Homes in a report on Thursday, September 21st. Zacks Investment Research cut shares of Invitation Homes from a buy rating to a hold rating in a report on Thursday, September 14th. Keefe, Bruyette & Woods restated a buy rating and issued a $25.00 price target on shares of Invitation Homes in a report on Friday, August 18th. B. Riley set a $26.00 price target on shares of Invitation Homes and gave the company a buy rating in a report on Wednesday, November 15th. Finally, Deutsche Bank restated a buy rating and issued a $26.00 price target on shares of Invitation Homes in a report on Wednesday, November 29th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $24.94.

Invitation Homes (INVH) traded up $0.01 during trading hours on Tuesday, hitting $23.68. 2,674,900 shares of the stock were exchanged, compared to its average volume of 1,936,924. Invitation Homes has a twelve month low of $19.80 and a twelve month high of $23.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.59.

In related news, Director John Bartling sold 188,850 shares of Invitation Homes stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $23.11, for a total value of $4,364,323.50. Following the completion of the sale, the director now directly owns 482,665 shares in the company, valued at approximately $11,154,388.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional investors and hedge funds have recently bought and sold shares of the business. GAM Holding AG raised its position in Invitation Homes by 28.1% during the 2nd quarter. GAM Holding AG now owns 7,300 shares of the company’s stock worth $158,000 after buying an additional 1,600 shares during the last quarter. Amica Retiree Medical Trust purchased a new position in Invitation Homes during the 3rd quarter worth approximately $206,000. Schroder Investment Management Group purchased a new position in Invitation Homes during the 3rd quarter worth approximately $219,000. California Public Employees Retirement System purchased a new position in Invitation Homes during the 3rd quarter worth approximately $226,000. Finally, Phocas Financial Corp. purchased a new position in Invitation Homes during the 2nd quarter worth approximately $223,000.

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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.

Analyst Recommendations for Invitation Homes (NYSE:INVH)

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