Invitation Homes (INVH) has recently found itself in the sights of several noteworthy developments. With Wall Street analysts predicting a possible property market overvaluation, Invitation Homes has embarked on a $200 million joint venture while attempting to improve its resident experience with new technology. Unfortunately, Q3 net income has been less than stellar, causing unease among investors, leading to RBC Capital lowering the company's price target to $33. A series of lawsuits have led to legal investigation on its executives for possible fiduciary breaches, resulting in a hefty $48 million FTC fine. This accompanies a voluntary prepayment of its securitization and a lowering of price targets by JPMorgan and Barclays. Furthermore, Morgan Stanley has downgraded their rating to equal weight. Despite these setbacks, Invitation Homes has upheld a robust dividend payout, seen its credit rating upgraded to ‘BBB+’ from Fitch, and announced senior leadership promotions. It is also focusing on expanding its portfolio with recent advancement into rental-home management and securing deals that continue to promote rental demand growth. Furthermore, Invitation Homes have inked a strategic relationship with PulteGroup to develop single-family rental projects.
Invitation Homes INVH News Analytics from Fri, 06 Jan 2017 08:00:00 GMT to Sun, 16 Feb 2025 00:30:40 GMT -
Rating 4
- Innovation 3
- Information 9
- Rumor -1
