Morgan Stanley Downgrades Invitation Homes (NYSE:INVH) to Equal Weight

Invitation Homes (NYSE:INVH) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. They currently have a $35.00 price target on the stock, down from their previous price target of $39.00. Morgan Stanley’s price target would suggest a potential upside of 14.60% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods cut their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada lowered their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Mizuho cut their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Invitation Homes currently has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Trading Up 0.1 %

Shares of INVH stock opened at $30.54 on Friday. The stock has a market cap of $18.71 billion, a P/E ratio of 43.02, a P/E/G ratio of 4.51 and a beta of 1.04. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The business has a fifty day simple moving average of $32.42 and a 200-day simple moving average of $34.08.

Hedge Funds Weigh In On Invitation Homes

A number of large investors have recently modified their holdings of the company. Orion Portfolio Solutions LLC acquired a new position in shares of Invitation Homes during the 3rd quarter valued at $263,000. Swedbank AB raised its position in Invitation Homes by 25.1% in the third quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after purchasing an additional 115,211 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Invitation Homes during the third quarter worth about $3,825,000. Bank of Montreal Can boosted its position in shares of Invitation Homes by 18.0% in the second quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock worth $19,566,000 after buying an additional 83,142 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Invitation Homes by 696.9% in the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock valued at $2,508,000 after buying an additional 61,973 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management 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.