Invitation Homes (NYSE:INVH) Price Target Raised to $47.00 at Credit Suisse Group

Invitation Homes (NYSE:INVH – Get Rating) had its price target upped by investment analysts at Credit Suisse Group from $45.00 to $47.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 9.10% from the company’s previous close.

A number of other research analysts also recently weighed in on INVH. Zacks Investment Research downgraded Invitation Homes from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. Jefferies Financial Group initiated coverage on Invitation Homes in a report on Wednesday, April 20th. They issued a “buy” rating and a $48.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Invitation Homes from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, March 24th. Evercore ISI upgraded Invitation Homes from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $44.00 to $46.00 in a research note on Wednesday, April 6th. Finally, Mizuho cut their target price on Invitation Homes from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, March 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $46.69.

Shares of NYSE INVH opened at $43.08 on Monday. The company has a market capitalization of $26.20 billion, a price-to-earnings ratio of 95.74, a PEG ratio of 2.73 and a beta of 0.93. Invitation Homes has a twelve month low of $33.63 and a twelve month high of $45.80. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average of $40.22 and a two-hundred day moving average of $41.31.

Invitation Homes (NYSE:INVH – Get Rating) last announced its earnings results on Monday, February 14th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.26). The firm had revenue of $520.23 million for the quarter, compared to analyst estimates of $523.34 million. Invitation Homes had a net margin of 13.08% and a return on equity of 2.85%. Invitation Homes’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. As a group, research analysts predict that Invitation Homes will post 1.65 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Achmea Investment Management B.V. acquired a new position in shares of Invitation Homes during the third quarter valued at $25,000. Loomis Sayles & Co. L P bought a new stake in Invitation Homes during the 4th quarter worth about $27,000. Riverview Trust Co acquired a new position in Invitation Homes during the 1st quarter valued at about $30,000. MUFG Americas Holdings Corp bought a new position in shares of Invitation Homes in the 3rd quarter valued at about $36,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Invitation Homes by 53.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 872 shares of the company’s stock worth $40,000 after buying an additional 303 shares during the period. 93.87% of the stock is owned by institutional investors.

Invitation Homes Company Profile (Get Rating)

Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

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