RBC Capital Believes Invitation Homes Inc (NYSE: INVH) Won’t Stop Here

By Austin Angelo

RBC Capital analyst Wes Golladay reiterated a Buy rating on Invitation Homes Inc (NYSE: INVH) yesterday and set a price target of $24. The company’s shares closed yesterday at $21.90, close to its 52-week high of $22.15.

According to TipRanks.com, Golladay is a 4-star analyst with an average return of 6.1% and a 62.7% success rate. Golladay covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, General Growth Properties Inc, and Seritage Growth Properties.

Currently, the analyst consensus on Invitation Homes Inc is Strong Buy and the average price target is $24.09, representing a 10.0% upside.

In a report issued on May 12, FBR Capital also reiterated a Buy rating on the stock with a $25 price target.

The company has a one year high of $22.15 and a one year low of $19.80. Currently, Invitation Homes Inc has an average volume of 1.24M.

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Invitation Homes Inc engages in the acquisition of rental homes in situations such as foreclosure or short sale, rehabilitating, and leasing. Its services include property management, selection of homes in desirable neighborhoods, homes recently updated and renovated, maintenance program, pet-friendly environment and online payment system. The company was founded by Marcus Ridgway, Dallas Tanner and Brad Greiwe in 2012 and is headquartered in Dallas, TX.