Invitation Home (NYSE:INVH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Invitation Home (NYSE:INVH) have earned an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $35.1563.

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Wells Fargo & Company cut their price target on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Monday, October 13th. JPMorgan Chase & Co. raised Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target for the company in a report on Friday, October 17th. Mizuho dropped their price objective on Invitation Home from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. Finally, Scotiabank cut their target price on Invitation Home from $36.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Monday.

Invitation Home Price Performance

Shares of NYSE INVH opened at $28.65 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market cap of $17.56 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.80 and a beta of 0.81. The stock’s 50-day moving average is $28.94 and its two-hundred day moving average is $31.28. Invitation Home has a 1-year low of $27.38 and a 1-year high of $35.80.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates 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 net margin of 21.70% and a return on equity of 6.03%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Analysts forecast 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, October 17th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a yield of 4.0%. Invitation Home’s dividend payout ratio (DPR) is presently 122.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in Invitation Home during the 2nd quarter valued at approximately $1,693,992,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 shares of Invitation Home during the first quarter worth $148,870,000. AQR Capital Management LLC grew its position in Invitation Home by 2,205.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,715,777 shares of the company’s stock valued at $56,277,000 after buying an additional 1,641,351 shares during the last quarter. Finally, Woodline Partners LP grew its position in Invitation Home by 4,762.6% in the 1st quarter. Woodline Partners LP now owns 1,656,651 shares of the company’s stock valued at $57,734,000 after buying an additional 1,622,582 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.