Invitation Homes Inc has announced multiple significant activities in recent investment news. These include a successful $3.5 billion credit facility deal to replace the previous arrangement and reduce cost of debt, the acquisition of 580 new homes despite increased political scrutiny, and the declaration of a $0.28 quarterly dividend. The company shows a strong growth trajectory with $216M in acquisitions in this quarter, surpassing Q2's $166M. Large investments seen include those from Plato Investment Management, Robeco Schweiz AG, and Quest Partners LLC. The company's stock position is seeing a mix of reactions. While Goldman Sachs initiated a buy recommendation, RBC downgraded the stock to a sector performance rating due to leasing concerns. Invitation Homes also established partnerships like the American Red Cross' Sound the Alarm campaign. On the downside, the firm's stock experienced a drop, with reasons linked to leasing spreads' deceleration and a lowered price target by Evercore ISI down to $37.00. Despite these, the firm's long-term outlook remains favorable and has been referred to as undervalued REIT with impressive FFO growth.
Invitation Homes INVH News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Sun, 15 Sep 2024 12:56:20 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor -3
