Invitation Homes Inc (INVH) Receives a Buy from Morgan Stanley


Morgan Stanley analyst Richard Hill maintained a Buy rating on Invitation Homes Inc (INVH) today and set a price target of $35.00. The company’s shares closed last Monday at $29.70, close to its 52-week high of $30.13.

According to TipRanks.com, Hill is a 3-star analyst with an average return of 7.7% and a 65.4% success rate. Hill covers the Financial sector, focusing on stocks such as Essex Property Trust, Equity Residential, and Retail Value Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Invitation Homes Inc with a $31.10 average price target, which is a 4.7% upside from current levels. In a report issued on October 2, Credit Suisse also maintained a Buy rating on the stock with a $32.00 price target.

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Based on Invitation Homes Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $12.66 million. In comparison, last year the company had a GAAP net loss of $10.69 million.

Based on the recent corporate insider activity of 84 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.

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