Shares of Invitation Homes Inc. (NYSE:INVH – Get Free Report) have been assigned an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $35.47.
A number of equities analysts have weighed in on INVH shares. Morgan Stanley upped their price objective on shares of Invitation Homes from $36.50 to $38.00 and gave the company an “overweight” rating in a research report on Friday. Raymond James lifted their price objective on Invitation Homes from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 28th. Mizuho increased their target price on Invitation Homes from $32.00 to $35.00 in a research note on Friday, May 19th. Barclays upped their price target on shares of Invitation Homes from $38.00 to $41.00 in a report on Wednesday, May 31st. Finally, 51job reiterated a “maintains” rating on shares of Invitation Homes in a research note on Monday, June 26th.
Invitation Homes Trading Up 0.3 %
Invitation Homes (NYSE:INVH – Get Free Report) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.22). The business had revenue of $600.37 million during the quarter, compared to analyst estimates of $599.45 million. Invitation Homes had a net margin of 18.70% and a return on equity of 4.25%. Equities analysts forecast that Invitation Homes will post 1.73 EPS for the current year.
Invitation Homes Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Tuesday, August 8th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Monday, August 7th. Invitation Homes’s payout ratio is 146.48%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP bought a new position in Invitation Homes in the 1st quarter valued at about $27,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Invitation Homes in the 4th quarter worth approximately $27,000. OLD Mission Capital LLC bought a new position in shares of Invitation Homes in the fourth quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new position in shares of Invitation Homes during the first quarter valued at approximately $31,000. Finally, Coppell Advisory Solutions LLC bought a new stake in Invitation Homes during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 96.79% of the company’s stock.
About Invitation Homes
Invitation Homes, an S&P 500 company, 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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