Invitation Home (NYSE:INVH) Cut to Neutral at Mizuho

Mizuho downgraded shares of Invitation Home (NYSE:INVH) from an outperform rating to a neutral rating in a research report sent to investors on Wednesday morning, MarketBeat reports. The brokerage currently has $27.00 target price on the stock, down from their previous target price of $30.00.

A number of other brokerages have also recently commented on INVH. Oppenheimer set a $38.00 price objective on Invitation Home and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Bank of America dropped their target price on Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Keefe, Bruyette & Woods decreased their price target on Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Royal Bank Of Canada lowered their price objective on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Finally, Morgan Stanley reduced their target price on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.53.

Invitation Home Trading Down 0.6%

Shares of INVH stock opened at $26.49 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a fifty-two week low of $25.29 and a fifty-two week high of $35.80. The firm’s 50 day moving average price is $27.58 and its two-hundred day moving average price is $29.41. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83.

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

Invitation Home Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, December 23rd. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. Invitation Home’s dividend payout ratio is currently 126.32%.

Institutional Trading of Invitation Home

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Invitation Home in the second quarter valued at $1,693,992,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Invitation Home 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 purchasing an additional 5,603,077 shares during the last quarter. UBS Group AG lifted its position in shares of Invitation Home by 101.4% during the third quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock worth $145,966,000 after purchasing an additional 2,505,909 shares during the last quarter. Amundi lifted its position in shares of Invitation Home by 169.0% during the third quarter. Amundi now owns 3,296,876 shares of the company’s stock worth $93,038,000 after purchasing an additional 2,071,407 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake 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 worth $56,277,000 after purchasing an additional 1,641,351 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Company Profile

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.