Invitation Home (NYSE:INVH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Invitation Home (NYSE:INVH) has received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $34.70.

INVH has been the topic of a number of research reports. Bank of America dropped their price objective on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Citigroup reiterated a “market outperform” rating on shares of Invitation Home in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Royal Bank Of Canada reduced their price objective on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, Oppenheimer set a $38.00 target price on Invitation Home and gave the stock an “outperform” rating in a report on Tuesday, November 4th.

Hedge Funds Weigh In On Invitation Home

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Invitation Home by 75.8% during the fourth quarter. Farther Finance Advisors LLC now owns 24,442 shares of the company’s stock worth $679,000 after buying an additional 10,542 shares during the last quarter. Patton Fund Management Inc. boosted its position in Invitation Home by 19.8% during the fourth quarter. Patton Fund Management Inc. now owns 8,457 shares of the company’s stock valued at $235,000 after acquiring an additional 1,397 shares during the last quarter. Assetmark Inc. grew its holdings in Invitation Home by 44.6% during the 4th quarter. Assetmark Inc. now owns 5,872 shares of the company’s stock worth $163,000 after acquiring an additional 1,812 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Invitation Home by 3.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,413,502 shares of the company’s stock worth $67,071,000 after acquiring an additional 74,029 shares in the last quarter. Finally, Apollon Wealth Management LLC bought a new position in shares of Invitation Home in the 4th quarter worth about $736,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Performance

Shares of INVH opened at $27.17 on Monday. The firm has a market capitalization of $16.65 billion, a P/E ratio of 28.60, a PEG ratio of 2.96 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. Invitation Home has a one year low of $25.29 and a one year high of $35.80. The business has a fifty day moving average of $27.33 and a 200 day moving average of $28.96.

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

Invitation Home Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 23rd. Invitation Home’s dividend payout ratio is 126.32%.

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.