Invitation Homes price target raised to $35 from $33 at RBC Capital

RBC Capital raised the firm’s price target on Invitation Homes (INVH) to $35 from $33 and keeps a Sector Perform rating on the shares. The company’s Q4 results looked in line with expectations at first glance, but commentary on the call indicated that year-to-date leasing spreads and occupancy are already in line with or above guidance for the year, despite peak leasing season still being ahead, the analyst tells investors in a research note.