Analyst Jana Galan of Bank of America Securities reiterated a Hold rating on Invitation Homes, retaining the price target of $36.00.
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Jana Galan’s rating is based on a combination of factors, including the positive fundamentals of the single-family rental market and Invitation Homes’ strong financial position. Despite these strengths, the company’s growth prospects in the near term appear muted, with anticipated growth rates below historical averages. The potential for a Housing Emergency declaration adds an element of uncertainty to the market outlook.
Additionally, while Invitation Homes has outlined ambitious growth initiatives, including in-house development and external growth strategies, these are expected to contribute more significantly to earnings in the longer term, particularly from 2027 onwards. The company’s valuation relative to its peer, American Homes 4 Rent, also plays a role in the Hold rating, as it suggests that the stock may not currently offer a compelling upside compared to its peers.
According to TipRanks, Galan is an analyst with an average return of -0.8% and a 43.48% success rate. Galan covers the Real Estate sector, focusing on stocks such as Agree Realty, Cousins Properties, and BXP.
In another report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $34.00 price target.