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

Invitation Homes Inc. (NYSE:INVH) has received a consensus rating of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $37.94.

A number of research firms recently weighed in on INVH. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Oppenheimer boosted their price target on shares of Invitation Homes from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, May 5th.

Invitation Homes Stock Down 0.2%

INVH opened at $34.33 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The firm’s fifty day moving average is $33.72 and its 200 day moving average is $32.90. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of 48.35, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $674.48 million for the quarter, compared to analysts’ expectations of $663.77 million. During the same quarter in the previous year, the company earned $0.47 EPS. Invitation Homes’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.38%. Invitation Homes’s payout ratio is 150.65%.

Hedge Funds Weigh In On Invitation Homes

Several hedge funds have recently added to or reduced their stakes in INVH. Norges Bank bought a new position in Invitation Homes in the 4th quarter worth about $1,646,794,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Invitation Homes by 1,019.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company’s stock worth $214,415,000 after acquiring an additional 5,603,077 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after acquiring an additional 4,661,213 shares in the last quarter. Nuveen LLC bought a new position in Invitation Homes in the 1st quarter worth about $148,870,000. Finally, Centersquare Investment Management LLC grew its stake in Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock worth $412,366,000 after acquiring an additional 3,870,432 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.