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Newly IPOed Invitation Homes Receives Warm Analyst Welcome

Dustin Blitchok

Invitation Homes Inc (NYSE: INVH) was started with bullish ratings by multiple firms Monday after a Feb. 1 IPO.

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.

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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

Date Firm Action From To
Oct 2016 Barclays Maintains Overweight
Aug 2016 Barclays Maintains Overweight
Aug 2016 Jefferies Maintains Buy

View More Analyst Ratings for BX
View the Latest Analyst Ratings

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