Presima Securities ULC acquired a significant number of Invitation Homes Inc. (NYSE:INVH) shares, possibly indicating increased market confidence. However, several financial institutions, like Morgan Stanley and Deutsche Bank, downgraded the company's rating, and its price target was lowered by Barclays. Invitation Homes faced a hit in Q3 net income and agreed to a proposed $48M settlement with FTC. Notwithstanding, it maintains strong financial performance, cleared a $630M debt and has seen no maturities until 2027. The company expects favorable future prospects as indicated by their launches of a $500M Joint Venture for New Home Construction Investment and consistent dividend increments. Fitch upgraded their credit rating to ‘BBB+’, reflecting a positive outlook on the company's financial stability. Invitation Homes also utilizes tech to elevate their customer's experience and is expected to see growth with a rental demand spike. Nonetheless, despite daily gains, the company's stock has underperformed in the market.
Invitation Homes INVH News Analytics from Thu, 03 Feb 2022 08:00:00 GMT to Sat, 25 Jan 2025 11:29:44 GMT -
