Royal Bank Of Canada Has Lowered Expectations for Invitation Home (NYSE:INVH) Stock Price

Invitation Home (NYSE:INVH) had its price target lowered by Royal Bank Of Canada from $33.00 to $32.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 13.61% from the stock’s previous close.

Several other research firms also recently issued reports on INVH. Scotiabank decreased their price objective on shares of Invitation Home from $38.00 to $36.00 and set a “sector performer” rating for the company in a research note on Thursday, August 28th. Barclays decreased their price objective on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Invitation Home from $37.00 to $33.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upgraded shares of Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price objective for the company in a research note on Friday, October 17th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.78.

Invitation Home Stock Performance

NYSE:INVH opened at $28.17 on Friday. The firm has a market capitalization of $17.27 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.81 and a beta of 0.81. The business’s fifty day moving average price is $29.31 and its 200 day moving average price is $31.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.02. Invitation Home has a 12 month low of $27.38 and a 12 month high of $35.80.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $688.17 million for the quarter, compared to analyst estimates of $679.41 million. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.Invitation Home’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, sell-side analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invitation Home

Several hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in Invitation Home in the second quarter valued at about $1,693,992,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Invitation Home by 1,019.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company’s stock valued at $214,415,000 after purchasing an additional 5,603,077 shares during the period. Nuveen LLC acquired a new stake in Invitation Home in the first quarter valued at about $148,870,000. AQR Capital Management LLC lifted its position in Invitation Home by 2,205.3% in the second quarter. AQR Capital Management LLC now owns 1,715,777 shares of the company’s stock valued at $56,277,000 after purchasing an additional 1,641,351 shares during the period. Finally, Woodline Partners LP lifted its position in Invitation Home by 4,762.6% in the first quarter. Woodline Partners LP now owns 1,656,651 shares of the company’s stock valued at $57,734,000 after purchasing an additional 1,622,582 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Company Profile

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.