Invitation Homes Inc. announced that it is under contract to acquire approximately 500 additional newly built homes for a total investment of approximately $140 million. The homes will be located in Charlotte, Jacksonville, and Nashville, and are being acquired through new relationships with three top-tier homebuilders, with deliveries expected to begin later the year 2024. The Company received deliveries of 648 newly built homes in 2023 and currently anticipates deliveries of approximately 1,000 new homes from its new product pipeline in 2024.
Real-time Estimate
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5-day change | 1st Jan Change | ||
34.5 USD | -0.65% | +2.12% | +1.13% |
02:29pm | BMO Capital Adjusts Invitation Homes Price Target to $37 From $36 | MT |
Apr. 10 | RBC Raises Price Target on Invitation Homes to $37 From $36, Keeps Outperform Rating | MT |
EPS Revisions
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+1.13% | 21.27B | |
+1.91% | 27.19B | |
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-0.30% | 15.85B | |
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-10.56% | 14.84B | |
+0.04% | 13.34B | |
-0.55% | 12.48B | |
-13.99% | 11.29B | |
+0.52% | 10.84B |
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- Invitation Homes Inc. Agrees to Acquire Approximately 500 Additional Newly Built Homes