abrdn plc and E. Ohman J or Asset Management AB have increased their stake in Invitation Homes Inc. (INVH), showing renewed faith in the property management company. Wall Street has mixed predictions for INVH's stock, with some deeming it the best depressed stock to invest in right now. Financially, the company has announced a $200M Joint Venture along with a voluntary prepayment of IH 2018-4 Securitization and a cash dividend. In terms of performance, the company faced a blow as its net income was hit in Q3. The company keeps up with the competition through innovative technological approaches to enhance the experiences of residences and associates. Despite this, the company's stock is projected to underperform in the real estate sector. INVHβs price target was also downgraded by Barclays and RBC Capital. Regulatory issues increased as US FTC fined the company $48M over hidden fees. Trading volumes have however remained strong. The company has been downgraded by Deutsche Bank but has had an upgrade by Fitch in credit ratings. The company has increased dividend by 3.6%, benefiting shareholders. Finally, it has set dates for its Q1 2024 earnings release.
Invitation Homes INVH News Analytics from Mon, 06 Feb 2017 08:00:00 GMT to Sat, 08 Feb 2025 08:59:59 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -3
