Invitation Homes Inc. (NYSE:INVH) Receives Average Recommendation of “Buy” from Brokerages

Invitation Homes Inc. (NYSE:INVHGet Rating) has received a consensus recommendation of “Buy” from the twenty research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fifteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $46.74.

Several analysts have recently commented on INVH shares. Morgan Stanley lowered their price objective on Invitation Homes from $48.50 to $44.50 and set an “overweight” rating for the company in a research note on Friday, March 11th. Evercore ISI raised Invitation Homes from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $44.00 to $46.00 in a research note on Wednesday, April 6th. Mizuho lowered their price objective on Invitation Homes from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, March 30th. Zacks Investment Research downgraded Invitation Homes from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. Finally, BMO Capital Markets initiated coverage on Invitation Homes in a research report on Thursday, April 14th. They set a “market perform” rating and a $45.00 price target for the company.

Shares of Invitation Homes stock opened at $36.46 on Tuesday. Invitation Homes has a one year low of $34.45 and a one year high of $45.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. The stock’s 50-day moving average is $40.14 and its 200 day moving average is $41.12. The firm has a market cap of $22.25 billion, a price-to-earnings ratio of 72.92, a PEG ratio of 2.38 and a beta of 0.88.

Invitation Homes (NYSE:INVHGet Rating) last announced its earnings results on Wednesday, April 27th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.25). Invitation Homes had a net margin of 14.43% and a return on equity of 3.29%. During the same period in the prior year, the business posted $0.36 EPS. On average, sell-side analysts expect that Invitation Homes will post 1.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Tuesday, May 10th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, May 9th. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. Invitation Homes’s payout ratio is 176.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INVH. First Trust Advisors LP raised its position in Invitation Homes by 148.6% during the first quarter. First Trust Advisors LP now owns 148,549 shares of the company’s stock valued at $3,614,000 after purchasing an additional 88,801 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Invitation Homes by 123.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 691,213 shares of the company’s stock valued at $16,818,000 after purchasing an additional 381,913 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Invitation Homes by 7.2% in the third quarter. Advisor Group Holdings Inc. now owns 43,043 shares of the company’s stock worth $1,652,000 after buying an additional 2,906 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Invitation Homes in the third quarter worth about $225,000. Finally, Barclays PLC increased its holdings in shares of Invitation Homes by 19.7% in the third quarter. Barclays PLC now owns 665,663 shares of the company’s stock worth $25,514,000 after buying an additional 109,749 shares during the period.

About Invitation Homes (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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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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