Invitation Homes (NYSE:INVH – Get Rank ) Investment analysts at The Goldman Sachs Group raised their price objective on the stock from $40.50 to $45.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “Buy” rating on the stock. Goldman Sachs Group’s price target suggests a potential upside of 13.12% for the company.
Several other research firms also recently issued reports on INVH. Evercore ISI set a $42.00 price objective on shares of Guest Houses in a research report on Monday, June 20th. Mizuho dropped their price objective on shares of Banquets from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, July 6th. KeyCorp cut their price objective on Banquets from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, June 28th. Credit Suisse Group decreased their price objective on Invitations from $47.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, June 22nd. Finally, Jefferies Financial Group decreased their price objective on Invitations from $44.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, June 30th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Invitation Homes has an average rating of “Moderate Buy” and a consensus price target of $44.41, according to MarketBeat data.
Price performance of banquet halls
Shares of NYSE:INVH opened at $39.78 on Tuesday. The company’s 50-day moving average is $36.36 and its 200-day moving average is $38.52. Invitation Homes has a twelve month low of $33.15 and a twelve month high of $45.80. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-equity ratio of 0.53. The stock has a market capitalization of $24.28 billion, a PE ratio of 69.79, a price-to-earnings-growth ratio of 3.56 and a beta of 0.89.
Hedge funds weigh in on betting houses.
A number of large investors have recently trimmed or reduced their stakes in INVH. Weil Company Inc. Shares of Inns grew 2.2% during the fourth quarter. Weill Company Inc. now owns 11,447 shares of the company’s stock worth $519,000 after acquiring an additional 243 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its stake in Invitation Homes by 3.2% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 7,916 shares of the company’s stock worth $359,000 after acquiring an additional 248 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of Invitation Homes by 1.6% in the second quarter. Bank of Nova Scotia now owns 17,365 shares of the company’s stock worth $618,000 after acquiring an additional 268 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Invitation Homes by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 13,367 shares of the company’s stock worth $537,000 after acquiring an additional 301 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Invitation Homes by 53.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 872 shares of the company’s stock worth $40,000 after acquiring an additional 303 shares during the last quarter.
About banquet halls
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Invitation Homes is the nation’s premier single-family home rental company, transforming lifestyle needs by offering high-quality, updated homes with value-for-money features such as proximity to jobs and good schools. The company’s mission statement, “We Build Homes Together With You,” is a commitment to providing homes where individuals and families thrive, and high-touch services that continually enhance residents’ living experiences.
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