Market Overview

Newly IPOed Invitation Homes Receives Warm Analyst Welcome

Newly IPOed Invitation Homes Receives Warm Analyst Welcome

Invitation Homes Inc (NYSE: INVH) was started with bullish ratings by multiple firms Monday after a Feb. 1 IPO.

The real estate investment trust, or REIT, is a subsidiary of Blackstone Group LP (NYSE: BX). Invitation Homes received a $1 billion loan from Federal National Mortgage Assctn Fnni Me (OTC: FNMA) that it disclosed in January, according to CNBC.

National Real Estate Investor reported Sunday that Invitation Homes’ multibillion-dollar launch points to single-family rental homes as a growing business space — and one that was previously occupied by smaller investors.

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The Dallas-based company holds a portfolio of nearly 50,000 rental homes in 13 markets, according its website.

Analysts at Deutsche Bank started Invitation Homes with a Buy and announced a $25 price target Monday.

“We believe INVH has the highest-quality portfolio in the industry and a best-in-class infrastructure that warrants a premium valuation,” Deutsche analysts said in the accompanying note.

Other analyst actions on Invitation Homes include:

  • Deutsche Bank initiated at Neutral and announced a $21.50 price target.
  • JMP Securities initiated at Market Outperform and announced a $25.50 price target.
  • Bank of America initiated at Buy with a $24 price target.
  • Credit Suisse initiated at Outperform and announced a $24 price target.
  • Wells Fargo initiated at Outperform.
  • FBR & Co. initiated at Outperform with a $25 price target.
  • RBC Capital Markets initiated at Outperform and announced a $23 price target.
  • JPMorgan initiated at Overweight and announced a $25 price target.
  • KBW initiated at Market Perform with a $22 price target.

Latest Ratings for BX

Apr 2019MaintainsOverweightOverweight
Jan 2019MaintainsOverweightOverweight
Nov 2018MaintainsHoldHold

View More Analyst Ratings for BX
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Posted-In: Analyst Color Long Ideas News REIT Initiation IPOs Analyst Ratings Trading Ideas Best of Benzinga


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