In a report released yesterday, Buck Horne from Raymond James maintained a Buy rating on Invitation Homes (INVH). The company’s shares closed last Wednesday at $34.15, close to its 52-week high of $34.30.
According to TipRanks.com, Horne is a 4-star analyst with an average return of 10.6% and a 66.1% success rate. Horne covers the Financial sector, focusing on stocks such as Mid-America Apartment, NexPoint Residential, and Equity Residential.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Invitation Homes with a $35.60 average price target, which is a 4.6% upside from current levels. In a report issued on April 13, RBC Capital also maintained a Buy rating on the stock with a $35.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $34.30 and a one-year low of $22.25. Currently, Invitation Homes has an average volume of 3.45M.
Based on the recent corporate insider activity of 34 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.