JMP Securities Reiterates Their Buy Rating on Invitation Homes (INVH)

JMP Securities analyst Aaron Hecht reiterated a Buy rating on Invitation Homes (INVHResearch Report) today and set a price target of $50.00. The company’s shares closed last Monday at $38.51.

According to, Hecht is a 4-star analyst with an average return of 5.7% and a 56.3% success rate. Hecht covers the Financial sector, focusing on stocks such as Chicago Atlantic Real Estate ate Finance Inc, Innovative Industrial Properties, and Sabra Healthcare REIT.

Invitation Homes has an analyst consensus of Strong Buy, with a price target consensus of $42.91, a 10.1% upside from current levels. In a report issued on July 26, Barclays also maintained a Buy rating on the stock with a $43.00 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 $492 million and had a net profit of $60.34 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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