Invitation Homes (NYSE:INVH) Downgraded to Equal Weight Rating by Morgan Stanley

Invitation Homes (NYSE:INVH - Get Free Report) was downgraded by investment analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a report issued on Friday, Marketbeat.com reports. They presently have a $35.00 target price on the stock, down from their previous target price of $39.00. Morgan Stanley's target price would indicate a potential upside of 14.60% from the stock's previous close.

Several other research firms have also recently weighed in on INVH. Keefe, Bruyette & Woods decreased their price target on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. JMP Securities reissued a "market outperform" rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Mizuho dropped their price target on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada decreased their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the stock from $41.00 to $33.00 in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $37.47.

Invitation Homes Stock Up 0.1 %

Shares of NYSE:INVH traded up $0.02 during trading on Friday, reaching $30.54. 2,719,617 shares of the stock traded hands, compared to its average volume of 3,250,868. Invitation Homes has a 52-week low of $30.13 and a 52-week high of $37.80. The stock has a market cap of $18.71 billion, a P/E ratio of 43.02, a price-to-earnings-growth ratio of 4.51 and a beta of 1.04. The stock has a 50-day moving average of $32.42 and a two-hundred day moving average of $34.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Hedge Funds Weigh In On Invitation Homes

Hedge funds have recently modified their holdings of the company. Capital Square LLC lifted its stake in shares of Invitation Homes by 1.3% during the 3rd quarter. Capital Square LLC now owns 23,726 shares of the company's stock valued at $837,000 after buying an additional 308 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Invitation Homes by 6.5% in the third quarter. GAMMA Investing LLC now owns 5,600 shares of the company's stock valued at $197,000 after acquiring an additional 343 shares in the last quarter. CWM LLC boosted its stake in shares of Invitation Homes by 5.1% in the third quarter. CWM LLC now owns 7,285 shares of the company's stock worth $257,000 after acquiring an additional 351 shares during the period. Inspire Investing LLC boosted its stake in shares of Invitation Homes by 0.6% in the third quarter. Inspire Investing LLC now owns 64,641 shares of the company's stock worth $2,279,000 after acquiring an additional 369 shares during the period. Finally, 1620 Investment Advisors Inc. grew its position in shares of Invitation Homes by 2.2% during the third quarter. 1620 Investment Advisors Inc. now owns 18,734 shares of the company's stock worth $661,000 after purchasing an additional 395 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Company Profile

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.