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Barclays Sticks to Its Buy Rating for Invitation Homes (INVH)

Tipranks - Wed Jan 21, 3:28AM CST

Barclays analyst Richard Hightower maintained a Buy rating on Invitation Homes today and set a price target of $33.00.

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Hightower covers the Real Estate sector, focusing on stocks such as Invitation Homes, Mid-America Apartment, and Agree Realty. According to TipRanks, Hightower has an average return of -2.8% and a 35.90% success rate on recommended stocks.

In addition to Barclays, Invitation Homes also received a Buy from UBS’s Michael Goldsmith in a report issued on January 8. However, on January 15, TipRanks – Google reiterated a Hold rating on Invitation Homes (NYSE: INVH).

Based on Invitation Homes’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $688.17 million and a net profit of $136.74 million. In comparison, last year the company earned a revenue of $660.32 million and had a net profit of $95.27 million

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