Invitation Home (NYSE:INVH) Price Target Cut to $28.00 by Analysts at Scotiabank

Invitation Home (NYSE:INVH) had its target price cut by Scotiabank from $31.00 to $28.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a sector perform rating on the stock.

INVH has been the subject of a number of other reports. Barclays reissued an “overweight” rating and issued a $33.00 price target on shares of Invitation Home in a research note on Tuesday. Mizuho reissued a “neutral” rating and issued a $27.00 target price (down previously from $30.00) on shares of Invitation Home in a research report on Thursday, January 8th. Wells Fargo & Company dropped their price target on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Monday, October 13th. Royal Bank Of Canada decreased their price objective on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Finally, UBS Group set a $28.00 price objective on Invitation Home in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Invitation Home currently has an average rating of “Hold” and a consensus target price of $33.84.

Invitation Home Stock Performance

Shares of INVH stock opened at $26.76 on Wednesday. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.47 and a beta of 0.83. The stock has a fifty day moving average of $27.46 and a 200 day moving average of $29.24. Invitation Home has a 52 week low of $25.29 and a 52 week high of $35.80. 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 (NYSE:INVH) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The business had revenue of $688.17 million for the quarter, compared to the consensus estimate of $679.41 million. During the same period in the previous year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, research analysts expect that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd will be paid a $0.30 dividend. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. 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. Invitation Home’s payout ratio is currently 126.32%.

Hedge Funds Weigh In On Invitation Home

A number of hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Invitation Home during the 2nd quarter valued at about $1,693,992,000. UBS Group AG lifted its stake in shares of Invitation Home by 101.4% in the third quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock worth $145,966,000 after buying an additional 2,505,909 shares in the last quarter. Amundi lifted its stake in shares of Invitation Home by 169.0% in the third quarter. Amundi now owns 3,296,876 shares of the company’s stock worth $93,038,000 after buying an additional 2,071,407 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Invitation Home by 2,205.3% during the second 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, JPMorgan Chase & Co. increased its position in shares of Invitation Home by 28.3% during the third quarter. JPMorgan Chase & Co. now owns 6,884,278 shares of the company’s stock valued at $201,920,000 after acquiring an additional 1,516,886 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

About Invitation Home

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.