The real estate investment trust, or REIT, is a subsidiary of Blackstone Group LP (NYSE: BX). Invitation Homes received a $1 billion loan from Federal National Mortgage Assctn Fnni Me (OTC: FNMA) that it disclosed in January, according to CNBC.
National Real Estate Investor reported Sunday that Invitation Homes’ multibillion-dollar launch points to single-family rental homes as a growing business space — and one that was previously occupied by smaller investors.
Related article: Steven Mnuchin May Now Be Fannie Mae and Freddie Mac Investors' Last Hope
The Dallas-based company holds a portfolio of nearly 50,000 rental homes in 13 markets, according its website.
Analysts at Deutsche Bank started Invitation Homes with a Buy and announced a $25 price target Monday.
“We believe INVH has the highest-quality portfolio in the industry and a best-in-class infrastructure that warrants a premium valuation,” Deutsche analysts said in the accompanying note.
Other analyst actions on Invitation Homes include:
- Deutsche Bank initiated at Neutral and announced a $21.50 price target.
- JMP Securities initiated at Market Outperform and announced a $25.50 price target.
- Bank of America initiated at Buy with a $24 price target.
- Credit Suisse initiated at Outperform and announced a $24 price target.
- Wells Fargo initiated at Outperform.
- FBR & Co. initiated at Outperform with a $25 price target.
- RBC Capital Markets initiated at Outperform and announced a $23 price target.
- JPMorgan initiated at Overweight and announced a $25 price target.
- KBW initiated at Market Perform with a $22 price target.
Latest Ratings for BX
View More Analyst Ratings for BX
View the Latest Analyst Ratings
See more from Benzinga
- Morgan Stanley: Chinese Internet Stocks Must Boost Investments, User Retention, Geographic Reach
- The American Aftershocks From A Potential Westinghouse Bankruptcy
- Inovio Jumps After Announcing Successful Zika, MERS Vaccine Studies
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.