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

Invitation Homes Inc. (NYSE:INVHGet Rating) has received an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.50.

INVH has been the subject of several recent analyst reports. Evercore ISI set a $42.00 target price on Invitation Homes in a research note on Monday, June 20th. The Goldman Sachs Group raised their price target on Invitation Homes from $40.50 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Raymond James restated a “strong-buy” rating and set a $44.00 price target (down from $48.00) on shares of Invitation Homes in a research report on Thursday, June 23rd. Mizuho lowered their price target on Invitation Homes from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. Finally, Jefferies Financial Group lowered their price target on Invitation Homes from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, June 30th.

Invitation Homes Price Performance

NYSE:INVH opened at $36.86 on Monday. The stock has a 50 day moving average price of $37.60 and a 200 day moving average price of $38.13. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $22.50 billion, a PE ratio of 64.67, a P/E/G ratio of 3.30 and a beta of 0.90. Invitation Homes has a one year low of $33.15 and a one year high of $45.80.

Invitation Homes (NYSE:INVHGet Rating) last posted its earnings results on Wednesday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.22). The business had revenue of $557.30 million for the quarter, compared to analyst estimates of $548.52 million. Invitation Homes had a return on equity of 3.66% and a net margin of 16.37%. Equities research analysts expect that Invitation Homes will post 1.65 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Tuesday, August 9th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Monday, August 8th. Invitation Homes’s dividend payout ratio (DPR) is 154.39%.

Institutional Trading of Invitation Homes

A number of institutional investors have recently bought and sold shares of INVH. Swiss National Bank increased its position in shares of Invitation Homes by 18.0% during the first quarter. Swiss National Bank now owns 2,584,757 shares of the company’s stock worth $103,856,000 after purchasing an additional 393,700 shares in the last quarter. Appleton Partners Inc. MA increased its position in shares of Invitation Homes by 7.5% during the first quarter. Appleton Partners Inc. MA now owns 15,210 shares of the company’s stock worth $611,000 after purchasing an additional 1,055 shares in the last quarter. Bank of Montreal Can increased its position in Invitation Homes by 162.3% in the 1st quarter. Bank of Montreal Can now owns 1,025,493 shares of the company’s stock valued at $41,963,000 after acquiring an additional 634,559 shares during the period. Xponance Inc. increased its position in Invitation Homes by 5.8% in the 1st quarter. Xponance Inc. now owns 6,835 shares of the company’s stock valued at $275,000 after acquiring an additional 373 shares during the period. Finally, Oak Thistle LLC increased its position in Invitation Homes by 138.2% in the 1st quarter. Oak Thistle LLC now owns 14,061 shares of the company’s stock valued at $565,000 after acquiring an additional 8,157 shares during the period. 95.52% of the stock is owned by hedge funds and other 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.

Recommended Stories

Analyst Recommendations for Invitation Homes (NYSE:INVH)

Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.