KBW analyst Jade Rahmani maintained a Hold rating on Invitation Homes (INVH – Research Report) yesterday and set a price target of $37.00. The company’s shares closed yesterday at $33.31.
Rahmani covers the Real Estate sector, focusing on stocks such as Ladder Capital, Apollo Real Estate, and CBRE Group. According to TipRanks, Rahmani has an average return of 17.2% and a 77.64% success rate on recommended stocks.
Currently, the analyst consensus on Invitation Homes is a Moderate Buy with an average price target of $37.29, implying an 11.95% upside from current levels. In a report released on February 14, CFRA also maintained a Hold rating on the stock with a $34.00 price target.
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Based on Invitation Homes’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $617.7 million and a net profit of $131.82 million. In comparison, last year the company earned a revenue of $568.68 million and had a net profit of $79.18 million
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Invitation Homes (INVH) Company Description:
Invitation Homes, Inc. engages in the acquisition, renovation, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments. Its services include property management, selection of homes, maintenance program, and online payment. The company was founded by Marcus Ridgway, Dallas Tanner, and Brad Greiwe in 2012 and is headquartered in Dallas, TX.
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