Invitation Homes up after Evercore ISI lifts to 'outperform'

Invitation Homes

26/07/2024 15:20

** Single-family real estate investment trust Invitation
Homes' shares  INVH.N  rise 2% to $33.88 in early market hours
    ** Evercore ISI upgrades rating to "outperform" from
"in-line", maintains PT of $37
    ** Brokerage says pullback from large gap between renting
and buying a home and high mortgage rates creates a good entry
point for INVH
    ** Three brokerages rate the stock "strong buy", eleven
"buy" and eight "hold"; their median PT is $39 - LSEG data
    ** Including session gains, stock had fallen 0.6% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))