Citi analyst Eric Wolfe upgraded Invitation Homes (INVH) to Buy from Neutral with a price target of $38.50, up from $35, as part of a broader research note on REITs and Lodging. Invitation’s earnings and same-store net operating income, SSNOI, growth rates will catch up to AMH within the next 6-12 months, the analyst tells investors in a research note, further stating that the REIT’s SSNOI guidance is more conservative. Citi adds that May will likely represent the peak of AMH’s new lease growth, surprising some investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INVH:
- Invitation Homes Holds Annual Stockholders Meeting
- Invitation Homes price target raised to $38 from $36 at Scotiabank
- Invitation Homes price target raised to $39 from $36 at Raymond James
- Invitation Homes price target raised to $39 from $37 at Barclays
- Invitation Homes price target raised to $41 from $39 at Oppenheimer
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue