Streetbeat News

INVH

Invitation Homes Inc.

https://www.InvitationHomes.com

Industry

REIT - Residential

Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

Open

33.40

Mkt cap

21B

Volume

High

33.94

P/E Ratio

46.81

52-wk high

37.80

Low

33.30

Div yield

0.03

52-wk low

31.01

Invitation Homes (NYSE:INVH) reported Q4 earnings of $0.45 per share, meeting analyst consensus. Quarterly sales were $624.32M, slightly above the $623.64M estimate, marking a 7.67% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:18 pm

Numerous companies are scheduled to report their quarterly earnings on February 13, 2024, with expectations spanning from significant profits to losses across various sectors. Key highlights include anticipated earnings from major corporations such as Coca-Cola, Shopify, Airbnb, and Biogen, reflecting a broad spectrum of industries from technology to consumer goods. The diversity in performance indicators underscores the varying financial health and market expectations for these entities.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 10:06 am

Morgan Stanley (NYSE:MS) was fined $249 million for leaking information on block trades, affecting clients like Blackstone (NYSE:BX) and Oaktree Capital Management. The leaks allowed a hedge fund to profit by shorting Invitation Homes (NYSE:INVH) and another investment company to bet against Star Bulk Carriers (NASDAQ:SBLK). Morgan Stanley profited from the trades, but the breach of trust cost Blackstone and Oaktree. Morgan Stanley has since improved controls to prevent future breaches.

Portfolio Pulse from Neil Dennis

January 16, 2024 | 9:06 pm

Oppenheimer analyst Tyler Batory has maintained an Outperform rating on Invitation Homes (NYSE:INVH) and increased the price target from $35 to $40.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:29 pm

Wall Street analysts have updated their price targets and ratings for several US-listed companies. Keybanc raised Invitation Homes' target from $35 to $38, maintaining an Overweight rating. Needham increased Simply Good Foods' target from $42 to $45 with a Buy rating. Raymond James raised Tradeweb Markets' target from $94 to $102, maintaining an Outperform rating. Stifel upgraded CACI International from Hold to Buy, raising the target from $365 to $380. Morgan Stanley raised Cytokinetics' target from $60 to $90 but downgraded it to Equal-Weight. Jefferies raised Okta's target from $85 to $95 but downgraded it to Hold. HC Wainwright cut Viracta Therapeutics' target from $10 to $4 but kept a Buy rating. Morgan Stanley cut CI&T's target from $6 to $5.5 and downgraded it to Equal-Weight. Baird raised Rexford Industrial Realty's target from $53 to $61 but downgraded it to Neutral. Needham cut Mobileye Global's target from $43 to $36 but maintained a Buy rating.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 1:23 pm

Keybanc analyst Austin Wurschmidt has maintained an Overweight rating on Invitation Homes (NYSE:INVH) and increased the price target from $35 to $38, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 10:19 am

Jefferies analyst Linda Tsai upgraded Invitation Homes (NYSE:INVH) from Hold to Buy and increased the price target from $33 to $41, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 11:18 am

Morgan Stanley analyst Adam Kramer has maintained an Overweight rating on Invitation Homes (NYSE:INVH) but reduced the price target from $38 to $37.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 3:45 pm

Invitation Homes (NYSE:INVH) announced a quarterly dividend of 28 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning INVH stock by the end of Monday are eligible for the dividend, which will be paid on January 19, 2024. The stock is expected to open 28 cents lower on Tuesday to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 2:45 pm

Invitation Homes Inc. (NYSE:INVH), a residential REIT, has shown significant share price appreciation and dividend growth over the past five years. An initial investment of $10,000 in December 2018 would have grown to $17,115.28, with dividends contributing $1,498.59. The company recently increased its quarterly dividend by 7.7% and reported mixed Q3 earnings, with FFO slightly missing estimates but revenue exceeding expectations. Analysts from Oppenheimer and Raymond James have given positive ratings with price targets of $35 and $37, respectively. However, the proposed End Hedge Fund Control of American Homes Act of 2023 could pressure shares of Invitation Homes and similar REITs if it passes, as it aims to restrict and reduce investments in single-family homes by REITs.

Portfolio Pulse from Ethan Roberts

December 14, 2023 | 3:44 pm

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