Invitation Home (NYSE:INVH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Invitation Home (NYSE:INVH) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $37.86.

Several research analysts recently issued reports on INVH shares. Citigroup upgraded Invitation Home from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Oppenheimer lifted their price objective on Invitation Home from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Barclays restated an “overweight” rating on shares of Invitation Home in a research report on Tuesday, July 15th. Raymond James Financial lifted their target price on shares of Invitation Home from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group lifted their target price on shares of Invitation Home from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th.

Insider Activity

In other news, CEO Dallas B. Tanner sold 148,749 shares of the business’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the completion of the sale, the chief executive officer directly owned 642,973 shares of the company’s stock, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Invitation Home

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank lifted its holdings in Invitation Home by 6.6% in the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company’s stock worth $9,794,000 after buying an additional 19,084 shares in the last quarter. Capital World Investors acquired a new position in Invitation Home in the 4th quarter worth $4,891,000. GF Fund Management CO. LTD. acquired a new position in Invitation Home in the 4th quarter worth $338,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Invitation Home by 9.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company’s stock worth $520,000 after buying an additional 1,268 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in Invitation Home in the 4th quarter worth $265,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Trading Down 1.1%

Shares of Invitation Home stock opened at $30.32 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a 1 year low of $29.37 and a 1 year high of $37.80. The company has a market capitalization of $18.59 billion, a P/E ratio of 34.45, a P/E/G ratio of 2.27 and a beta of 0.78. The business has a 50 day moving average price of $32.75 and a 200 day moving average price of $32.91.

Invitation Home (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%. The firm had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. During the same period in the previous year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Sell-side analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.8%. Invitation Home’s payout ratio is currently 131.82%.

About Invitation Home

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.