In a report issued on August 24, Douglas Harter from Credit Suisse maintained a Buy rating on Invitation Homes (INVH). The company’s shares closed last Thursday at $28.82.
According to TipRanks.com, Harter is a 5-star analyst with an average return of 10.6% and a 65.8% success rate. Harter covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Arlington Asset Investment, and ARMOUR Residential REIT.
Currently, the analyst consensus on Invitation Homes is a Strong Buy with an average price target of $32.11, a 9.1% upside from current levels. In a report issued on August 10, Raymond James also maintained a Buy rating on the stock with a $36.00 price target.
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Invitation Homes’ market cap is currently $16.15B and has a P/E ratio of 89.90. The company has a Price to Book ratio of 2.01.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INVH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
