Invitation Homes (INVH) has faced its share of challenges and successes. The company was fined $48 million by the FTC over hidden fees, which led to a temporary dip in stock price. In response, they have agreed to a settlement and the path is cleared for a potential stock rally. Despite this, some investment holdings have been lowered, including Duff & Phelps and Thrivent Financial for Lutherans. Invitation Homes has issued $500 million in senior notes and attracted several investments, including acquisition of INVH shares by British Columbia Investment Management Corp and Makena Capital Management LLC. The companyβs credit rating was upgraded to 'BBB+' by Fitch. Furthermore, the addition of H. Wyman Howard III to the Board of Directors has been announced. The company continues to grow with the acquisition of around 500 newly built homes and a discussion of their first quarter 2024 results shows a promising outlook. The company has recently partnered with the American Red Cross and received other upgrades and growth guidance from Deutsche Bank and Morgan Stanley. Despite some changes in stock ratings, the company remains a forerunner in the residential real estate sector.
Invitation Homes INVH News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Sun, 29 Sep 2024 14:05:29 GMT - Rating -4 - Innovation 3 - Information 6 - Rumor -2
