Invitation Home (NYSE:INVH) Price Target Cut to $31.00 by Analysts at Oppenheimer

Invitation Home (NYSE:INVH) had its price target cut by Oppenheimer from $38.00 to $31.00 in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have an outperform rating on the stock.

INVH has been the topic of a number of other reports. Morgan Stanley lowered their price objective 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. Wall Street Zen cut shares of Invitation Home from a “hold” rating to a “sell” rating in a report on Saturday. Scotiabank cut their price objective on Invitation Home from $31.00 to $28.00 and set a “sector perform” rating for the company in a report on Wednesday, January 14th. Citigroup restated a “market outperform” rating on shares of Invitation Home in a research note on Wednesday, January 21st. Finally, Evercore set a $31.00 target price on Invitation Home in a research report on Friday. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.97.

Invitation Home Stock Performance

Shares of INVH stock opened at $25.63 on Tuesday. Invitation Home has a 1-year low of $25.21 and a 1-year high of $35.80. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $15.62 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 2.81 and a beta of 0.83. The stock’s fifty day simple moving average is $26.92 and its 200-day simple moving average is $28.18.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.21). Invitation Home had a return on equity of 6.24% and a net margin of 21.53%.The business had revenue of $685.25 million during the quarter, compared to analysts’ expectations of $683.00 million. During the same period in the prior year, the company posted $0.47 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.7%. This is an increase from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 23rd. Invitation Home’s dividend payout ratio is 125.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc raised its position in shares of Invitation Home by 446.4% during the third quarter. CIBC Asset Management Inc now owns 452,675 shares of the company’s stock valued at $13,277,000 after buying an additional 369,831 shares during the last quarter. PGGM Investments grew its position in Invitation Home by 13.0% during the third quarter. PGGM Investments now owns 5,672,720 shares of the company’s stock worth $166,381,000 after buying an additional 653,539 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Invitation Home by 5.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,339,473 shares of the company’s stock valued at $68,617,000 after acquiring an additional 128,561 shares during the period. NEOS Investment Management LLC increased its stake in Invitation Home by 67.6% during the third quarter. NEOS Investment Management LLC now owns 129,618 shares of the company’s stock valued at $3,802,000 after acquiring an additional 52,296 shares during the period. Finally, Strs Ohio raised its holdings in Invitation Home by 12.1% in the 3rd quarter. Strs Ohio now owns 983,834 shares of the company’s stock valued at $28,856,000 after acquiring an additional 106,271 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.