Citi downgraded Invitation Homes to Neutral from Buy with an unchanged price target of $39. Invitation has about $3.82B of rate swaps that will mature by mid-2025, or about $3.52B after considering another forward starting swap set to become effective in July 2025, notes the analyst, who expects some refinancing headwinds in 2025 to lower earnings growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INVH:
- Invitation Homes price target raised to $37 from $35 at Mizuho
- Nike downgraded, Pepsi upgraded: Wall Street’s top analyst calls
- Invitation Homes downgraded to In Line from Outperform at Evercore ISI
- Invitation Homes Inc. Details Future Prospects to Investors
- Invitation Homes Increases Executive Compensation After Strong Year