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BX

Blackstone

$33.40

-0.39 (-1.15%)

, INVH

Invitation Homes

$20.99

0.16 (0.77%)

06:58
08/10/17
08/10
06:58
08/10/17
06:58

Blackstone's Invitation Homes, Starwood to merge, WSJ reports

Blackstone Group's (BX) Invitation Homes (INVH) and Starwood Waypoint Homes (SFR) have agreed to merge in an effort to increase scale and operating efficiencies in markets that include Atlanta, Miami and southern California, the Wall Street Journal reports, citing people familiar with the matter. The combined company, which will hold approximately 82,000 homes in 17 metro areas, will retain the Invitation Homes name, be headed by Starwood CEO Fred Tuomi, and be the country's largest private owner of single-family homes. Reference Link

BX

Blackstone

$33.40

-0.39 (-1.15%)

INVH

Invitation Homes

$20.99

0.16 (0.77%)

SFR

Starwood Waypoint Homes

$33.62

-0.23 (-0.68%)

  • 10

    Aug

BX Blackstone
$33.40

-0.39 (-1.15%)

05/22/17
JMPS
05/22/17
NO CHANGE
JMPS
Blackstone deal with Saudi Arabia positive, says JMP Securities
JMP Securities analyst Devin Ryan says that the new infrastructure investment vehicle that Blackstone launched with the Public Investment Fund of Saudi Arabia may boost the shareholder value of Blackstone by over 10%. The analyst adds that the deal shows that Blackstone "can evolve and innovate," which makes its growth outlook "strong." He keeps a $38 price target and Outperform rating on the shares.
05/22/17
SBSH
05/22/17
UPGRADE
Target $40
SBSH
Buy
Blackstone upgraded to Buy from Neutral at Citi
Citi analyst William Katz upgraded Blackstone Group to Buy and raised his price target for the shares to $40 from $32. The company's intentions to raise a $40B infrastructure fund should be a "valuation catalyst," the analyst contends.
04/10/17
MSCO
04/10/17
NO CHANGE
Target $36
MSCO
Overweight
Morgan Stanley says to own Blackstone into the Q1 print
Morgan Stanley analyst Michael Cyprys says to buy Blackstone into the Q1 print saying its a best-in-class franchise which saw a number of large transactions close and has unparalleled fundraising ability. Cyprys rates Blackstone an Overweight with a $36 price target.
05/22/17
05/22/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Overweight from Neutral at JPMorgan with analyst Rod Hall saying while more negative news from the Apple (AAPL) royalty suit is likely, "material fundamental upside" exists from the closure of the NXP Semiconductors (NXPI) by the end of this year. The analyst views the deal as highly accretive. Hall also believes Apple ultimately will want to preserve its commercial relationship with Qualcomm. 2. Motorola Solutions (MSI) upgraded to Outperform from Market Perform at Raymond James with analyst Tavis McCourt saying shares look increasingly attractive based on improved demand visibility that is less economically sensitive than many of its peers, and demand catalysts from FirstNet buildouts that are expected to start in 2018. 3. Entegris (ENTG) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Toshiya Hari citing the recent pullback in shares and maintained a $29 price target. 4. Blackstone (BX) upgraded to Buy from Neutral at Citi with analyst William Katz saying the company's intentions to raise a $40B infrastructure fund should be a "valuation catalyst." 5. Cree (CREE) upgraded to Outperform from Market Perform at JMP Securities with analyst Joseph Osha saying he thinks that the company's new CEO could make positive changes at the company. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
INVH Invitation Homes
$20.99

0.16 (0.77%)

06/23/17
ZELM
06/23/17
UPGRADE
ZELM
Buy
Invitation Homes upgraded to Buy from Hold at Zelman
06/05/17
EVER
06/05/17
INITIATION
Target $24
EVER
Outperform
Invitation Homes initiated with an Outperform at Evercore ISI
Evercore ISI analyst Steve Sakwa initiated Invitation Homes with an Outperform and a $24 price target telling investors its portfolio is the best of the single-family REIT and expects sector leading NOI growth over the next 2-3 years given its superior geographic exposure and operational upside.
02/27/17
02/27/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Laureate Education (LAUR) initiated with a Buy at Stifel, with an Outperform at Macquarie, with an Overweight at Morgan Stanley, with an Overweight at Piper Jaffray and with an Equal Weight at Barclays. 2. Invitation Homes (INVH) initiated with a Buy at BofA Merrill Lynch, with a Buy at Deutsche Bank, with an Outperform at Credit Suisse, with an Overweight at JPMorgan, with an Overweight at Morgan Stanley and with a Neutral at Goldman Sachs. 3. Electro Scientific (ESIO) initiated with a Buy at Lake Street. 4. Heron Therapeutics (HRTX) initiated with a Buy at Needham. 5. American Homes 4 Rent (AMH) initiated with a Neutral at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/28/17
DBAB
02/28/17
NO CHANGE
Target $25
DBAB
Buy
Silver Bay buyout a positive for Invitation Homes, says Deutsche Bank
Deutsche Bank analyst Vin Chao believes Tricon Capital's agreement to acquire Silver Bay Realty Trust (SBY) has positive read-throughs for Invitation Homes (INVH). The deal values Silver Bay at a three-turn premium to Invitation on a forward AFFO multiple basis, despite a lower quality portfolio, Chao tells investors in a research note. The analyst has a Buy rating on Invitation Homes with a $25 price target.
SFR Starwood Waypoint Homes
$33.62

-0.23 (-0.68%)

07/20/17
SBSH
07/20/17
INITIATION
Target $40
SBSH
Buy
Colony Starwood Homes initiated with a Buy at Citi
Citi analyst Michael Bilerman started Colony Starwood Homes with a Buy rating and $40 price target. The analyst views the company's growth outlook and valuation as attractive.
07/10/17
RAJA
07/10/17
INITIATION
Target $38
RAJA
Outperform
Colony Starwood Homes initiated with an Outperform at Raymond James
Raymond James analyst Buck Horne initiated Colony Starwood with an Outperform and a $38 price target.
04/24/17
DBAB
04/24/17
INITIATION
Target $40
DBAB
Buy
Colony Starwood Homes initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Vin Chao started Colony Starwood Homes with a Buy rating and $40 price target. The analyst expects 18% total return over the next 12 months.
06/05/17
EVER
06/05/17
INITIATION
Target $37
EVER
In Line
Colony Starwood Homes initiated with an In Line at Evercore ISI
Evercore ISI analyst Steve Sakwa initiated Invitation Homes with an In-line and a $37 price target.

TODAY'S FREE FLY STORIES

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, GE

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IBM

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$148.97

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GE

General Electric

$18.21

-0.04 (-0.22%)

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General Electric

$18.21

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

08:21
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T

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NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
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SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
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Conference/Events
Synaptics management to meet with KeyBanc »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
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Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

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TCMD

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$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
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Tactile Systems

$25.98

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Lumos Networks

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

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GS

Goldman Sachs

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LGND

Ligand

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand CEO sells 5,269 common shares »

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MBI

MBIA

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RBCN

Rubicon

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