Invitation Homes (NYSE:INVH) Stock Rating Lowered by Morgan Stanley

Invitation Homes (NYSE:INVH) was downgraded by equities research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Friday,Briefing.com Automated Import reports. They presently have a $35.00 target price on the stock, down from their previous target price of $39.00. Morgan Stanley’s price target indicates a potential upside of 14.89% from the stock’s current price.

Other analysts have also issued reports about the stock. Royal Bank of Canada decreased their price target 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. JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Mizuho cut their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Finally, Barclays assumed coverage on Invitation Homes in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.59.

Invitation Homes Stock Down 0.9 %

INVH opened at $30.46 on Friday. Invitation Homes has a 1-year low of $30.13 and a 1-year high of $37.80. The business has a 50 day moving average of $32.55 and a 200-day moving average of $34.15. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 42.91, a P/E/G ratio of 4.51 and a beta of 1.04. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Forsta AP Fonden boosted its stake in Invitation Homes by 2.4% in the fourth quarter. Forsta AP Fonden now owns 192,700 shares of the company’s stock worth $6,161,000 after purchasing an additional 4,600 shares in the last quarter. Pacer Advisors Inc. lifted its position in Invitation Homes by 10.8% during the 4th quarter. Pacer Advisors Inc. now owns 47,589 shares of the company’s stock worth $1,521,000 after buying an additional 4,646 shares in the last quarter. Blue Trust Inc. grew its holdings in Invitation Homes by 28.7% during the 4th quarter. Blue Trust Inc. now owns 7,957 shares of the company’s stock worth $281,000 after acquiring an additional 1,775 shares during the last quarter. Presima Securities ULC raised its stake in shares of Invitation Homes by 10.1% in the fourth quarter. Presima Securities ULC now owns 717,940 shares of the company’s stock worth $22,953,000 after acquiring an additional 66,040 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Invitation Homes by 19.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 11,756 shares of the company’s stock worth $376,000 after acquiring an additional 1,948 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

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.