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Wells Fargo reports that home sales have plummeted to levels reminiscent of the Great Recession, with January figures at 4.7 million, only slightly above the 2008-2010 lows. High home prices and mortgage rates are deterring buyers, while sellers are reluctant to part with their low-rate mortgages, leading to a stagnant market. Affordability issues are expected to keep sales weak for the foreseeable future, with only 24% of buyers being first-timers in 2024, the lowest on record.
Invitation Homes, a leading single-family home leasing and management company, has seen its stock rating downgraded to "Hold" by Deutsche Bank, with a new price target of $33, down from $41. The company, primarily owned by institutional investors and hedge funds, currently holds a consensus rating of "Hold" with an average price target of $37.82. Despite recent fluctuations, the stock has a market cap of $19.10 billion and a P/E ratio of 43.89.
UBS has reaffirmed its buy recommendation for Invitation Homes Inc., a company that owns and manages renovated single-family homes. As of the end of 2023, the firm’s portfolio includes 84,567 single-family rental homes, alongside providing real estate services primarily focused on maintenance.
UBS has reaffirmed its Buy recommendation for Invitation Homes Inc., a company focused on owning and managing renovated single-family homes. By the end of 2023, the firm is set to have a portfolio of 84,567 single-family rental homes, alongside offering real estate services primarily in maintenance. Ratings are sourced from Factset, Morningstar, and S&P Capital IQ.
Invitation Homes Inc.
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housing market struggles as sales near great recession levels
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Charlie Dougherty
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03:17 27.03.2025
invitation homes stock rating downgraded as analysts suggest better investment options
14:20 21.01.2025
Invitation Homes maintains strong portfolio with UBS buy recommendation
18:05 08.11.2024
Invitation Homes maintains strong portfolio with UBS Buy recommendation
18:05 08.11.2024
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