Keefe, Bruyette & Woods Lowers Invitation Home (NYSE:INVH) Price Target to $33.00

Invitation Home (NYSE:INVH) had its price target lowered by stock analysts at Keefe, Bruyette & Woods from $37.00 to $33.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 9.22% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Scotiabank raised their target price on shares of Invitation Home from $36.00 to $38.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Royal Bank Of Canada dropped their target price on Invitation Home from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Citigroup raised Invitation Home from a “neutral” rating to a “buy” rating and raised their price objective for the company from $35.00 to $38.50 in a research report on Friday, June 6th. The Goldman Sachs Group boosted their target price on shares of Invitation Home from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Finally, Raymond James Financial raised their target price on shares of Invitation Home from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.64.

Invitation Home Trading Down 0.1%

INVH opened at $30.22 on Wednesday. The firm has a market cap of $18.52 billion, a P/E ratio of 34.34, a P/E/G ratio of 3.10 and a beta of 0.78. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80. The stock has a 50-day moving average of $32.51 and a 200 day moving average of $32.86. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47.

Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $675.01 million. During the same period last year, the company earned $0.47 EPS. Invitation Home’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, research analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Insider Activity at Invitation Home

In other Invitation Home 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 value of $4,969,704.09. Following the transaction, the chief executive officer directly owned 642,973 shares of the company’s stock, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Invitation Home

A number of large investors have recently modified their holdings of INVH. Harbor Capital Advisors Inc. acquired a new stake in Invitation Home in the second quarter valued at $30,000. Larson Financial Group LLC increased its position in Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after purchasing an additional 854 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Invitation Home in the first quarter valued at approximately $37,000. Zions Bancorporation National Association UT acquired a new position in Invitation Home in the 1st quarter valued at $40,000. Finally, North Capital Inc. acquired a new position in Invitation Home in the first quarter valued at $41,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.