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.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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