Invitation Homes price target lowered to $35 from $40 at Citizens

Citizens lowered the firm’s price target on Invitation Homes (INVH) to $35 from $40 and keeps an Outperform rating on the shares. Invitation Homes reported core FFO of 48c in line with consensus but slightly below expectations, and issued 2026 guidance of $1.90-$1.98, modestly under forecasts due primarily to non-core items, the analyst tells investors in a research note. With anticipated lease rate improvement and shares trading at a NAV discount, the outlook remains constructive, the firm says.