Invitation Homes (NYSE:INVH) PT Lowered to $39.00 at Evercore ISI

Invitation Homes (NYSE:INVHGet Rating) had its price objective cut by Evercore ISI from $41.00 to $39.00 in a research report released on Monday morning, The Fly reports. They currently have an outperform rating on the stock.

INVH has been the subject of several other research reports. Credit Suisse Group decreased their target price on Invitation Homes from $47.00 to $40.00 and set an outperform rating for the company in a research note on Wednesday, June 22nd. Oppenheimer began coverage on Invitation Homes in a research note on Monday, July 18th. They issued a market perform rating and a $39.00 price objective for the company. Jefferies Financial Group reduced their price objective on Invitation Homes from $44.00 to $41.00 and set a buy rating for the company in a research note on Thursday, June 30th. Morgan Stanley boosted their price objective on Invitation Homes from $40.50 to $45.00 and gave the company an overweight rating in a research note on Thursday, August 25th. Finally, Mizuho reduced their price objective on Invitation Homes from $45.00 to $44.00 and set a buy rating for the company in a research note on Wednesday, July 6th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $44.29.

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $36.73 on Monday. The business has a 50-day simple moving average of $37.60 and a 200-day simple moving average of $38.11. The company has a market cap of $22.42 billion, a PE ratio of 64.44, 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. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.10 and a current ratio of 0.10.

Invitation Homes (NYSE:INVHGet Rating) last posted its earnings results on Wednesday, July 27th. The company reported $0.18 earnings per share 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 analysts’ expectations of $548.52 million. Invitation Homes had a return on equity of 3.66% and a net margin of 16.37%. On average, equities research analysts forecast that Invitation Homes will post 1.65 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Tuesday, August 9th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Monday, August 8th. Invitation Homes’s dividend payout ratio (DPR) is currently 154.39%.

Institutional Investors Weigh In On Invitation Homes

Several institutional investors and hedge funds have recently made changes to their positions in INVH. Loomis Sayles & Co. L P acquired a new stake in Invitation Homes in the fourth quarter worth $27,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Invitation Homes by 526.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 664 shares of the company’s stock worth $27,000 after purchasing an additional 558 shares in the last quarter. Venture Visionary Partners LLC bought a new position in shares of Invitation Homes in the second quarter worth $25,000. Riverview Trust Co bought a new position in shares of Invitation Homes in the first quarter worth $30,000. Finally, Anson Funds Management LP bought a new position in shares of Invitation Homes in the first quarter worth $42,000. 95.52% of the stock is owned by institutional investors and hedge funds.

About Invitation Homes

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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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