Invitation Homes Inc. (NYSE:INVH) Given Consensus Rating of “Hold” by Brokerages

Shares of Invitation Homes Inc. (NYSE:INVH) have been given an average rating of “Hold” by the sixteen brokerages that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $37.38.

INVH has been the subject of several recent analyst reports. Raymond James lowered their target price on shares of Invitation Homes from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Barclays reiterated an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th.

Institutional Investors Weigh In On Invitation Homes

A number of large investors have recently added to or reduced their stakes in the company. Virtus ETF Advisers LLC grew its stake in shares of Invitation Homes by 7.0% during the fourth quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company’s stock valued at $157,000 after acquiring an additional 319 shares in the last quarter. Snowden Capital Advisors LLC grew its stake in Invitation Homes by 2.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company’s stock valued at $400,000 after purchasing an additional 319 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of Invitation Homes by 1.2% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock valued at $1,133,000 after buying an additional 408 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Trading Down 0.3 %

Shares of INVH opened at $33.77 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes has a 1-year low of $29.37 and a 1-year high of $37.80. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 47.56, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The firm has a 50 day simple moving average of $33.28 and a 200-day simple moving average of $32.79.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Equities analysts forecast that Invitation Homes will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.44%. Invitation Homes’s payout ratio is currently 158.90%.

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.