JPMorgan Upgrades Invitation Homes (INVH) to Overweight

JPMorgan analyst Anthony Paolone upgraded Invitation Homes (NYSE: INVH) from Neutral to Overweight with a price target of $38.00.

The analyst comments: "We rate shares of INVH Overweight. Growth should be higher in the single-family rental space versus multifamily in 2026. Further, the weakness in for-sale housing should serve to reduce mobility out of rentals and help landlord pricing power. Additionally, to the extent that the company can add external growth through acquisition/third-party management/ developer lending should be a plus, and we think its funding of investments through sales of homes to users at low cap rates (i.e., 4s) is attractive. We calculate that the stock is very cheap on a real estate basis at a roughly mid 6s implied cap rate, which is over 200bps higher than the cap rates the company has achieved on dispositions."

For an analyst ratings summary and ratings history on Invitation Homes click here. For more ratings news on Invitation Homes click here.

Shares of Invitation Homes closed at $28.45 yesterday.

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