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

Shares of Invitation Homes Inc. (NYSE:INVH) have been given an average rating of “Moderate Buy” by the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $38.19.

INVH has been the subject of several research analyst reports. Morgan Stanley reduced their target price on Invitation Homes from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, December 26th. BNP Paribas initiated coverage on Invitation Homes in a research note on Monday, January 22nd. They set an “outperform” rating and a $39.00 target price for the company. Evercore ISI reiterated an “in-line” rating and set a $36.00 target price on shares of Invitation Homes in a research note on Monday, March 18th. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, March 7th. Finally, Keefe, Bruyette & Woods reduced their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Tuesday, February 27th.

Insider Activity

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at approximately $1,287,035.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Invitation Homes

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Invitation Homes by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock worth $3,481,574,000 after buying an additional 2,784,696 shares during the last quarter. Cohen & Steers Inc. increased its holdings in Invitation Homes by 1.3% in the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after purchasing an additional 1,008,392 shares in the last quarter. Norges Bank acquired a new position in Invitation Homes in the 4th quarter worth about $1,346,883,000. State Street Corp increased its holdings in Invitation Homes by 12.8% in the 1st quarter. State Street Corp now owns 29,070,728 shares of the company’s stock worth $1,168,062,000 after purchasing an additional 3,310,121 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Invitation Homes by 0.7% in the 4th quarter. Principal Financial Group Inc. now owns 20,923,484 shares of the company’s stock worth $713,700,000 after purchasing an additional 147,050 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Stock Down 1.0 %

INVH stock opened at $33.57 on Tuesday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $34.18 and a two-hundred day moving average price of $33.32. The company has a market cap of $20.56 billion, a price-to-earnings ratio of 39.96, a P/E/G ratio of 2.00 and a beta of 0.94. Invitation Homes has a twelve month low of $28.49 and a twelve month high of $36.53.

Invitation Homes (NYSE:INVH) last issued its earnings results on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The business had revenue of $624.32 million for the quarter, compared to the consensus estimate of $623.51 million. Analysts anticipate that Invitation Homes will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.34%. Invitation Homes’s payout ratio is 133.33%.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management 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.