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Invitation Homes (INVH) Received its Third Buy in a Row

After Jefferies and Morgan Stanley gave Invitation Homes (NYSE: INVH) a Buy rating last month, the company received another Buy, this time from Mizuho Securities. Analyst Haendel St. Juste maintained a Buy rating on Invitation Homes yesterday and set a price target of $44.00. The company’s shares closed last Thursday at $38.62.

According to TipRanks.com, Juste is a 4-star analyst with an average return of 6.0% and a 56.6% success rate. Juste covers the Financial sector, focusing on stocks such as Phillips Edison & Company, Associated Capital Group, and Apartment Income REIT.

Invitation Homes has an analyst consensus of Strong Buy, with a price target consensus of $42.28, a 12.7% upside from current levels. In a report issued on July 15, Morgan Stanley also maintained a Buy rating on the stock with a $40.50 price target.

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Based on Invitation Homes’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $532 million and net profit of $92.62 million. In comparison, last year the company earned revenue of $475 million and had a net profit of $57.37 million.

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Invitation Homes, Inc. engages in the acquisition, renovation, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments. Its services include property management, selection of homes, maintenance program, and online payment. The company was founded by Marcus Ridgway, Dallas Tanner, and Brad Greiwe in 2012 and is headquartered in Dallas, TX.

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