Invitation Homes (INVH) has made significant business moves with announcements of joint ventures and new home construction investments recently. Stakeholders like
Thrivent Financial for Lutherans have increased their positions in the company. However, negative sentiments arose as the company was fined $48M by the
US FTC over undisclosed fees. Despite the penalty, Invitation Homes made an effort to strengthen its financial position by prepaying the IH 2018-4 securitization and securing no maturities until 2027. It also reported strong quarterly earnings, clearing a $630M debt. Moreover,
Fitch has upgraded its credit rating to ‘BBB+’ which may attract more investors. Significant share buy-ins from KBC Group NV, Easterly Investment Partners, and Van ECK Associates Corp signify the trust of large investors in the company's performance and potential. The appointment of a retired Navy SEAL to the company's board and a credit rating upgrade demonstrates the company's strong governance and credibility. However, mixed sentiments affect the market after
Royal Bank of Canada lowered the stock’s price expectations.
Invitation Homes INVH News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Fri, 22 Nov 2024 09:15:56 GMT -
Rating 5
- Innovation -2
- Information 7
- Rumor 2
