Invitation Home (NYSE:INVH) Price Target Lowered to $31.00 at Citigroup

Invitation Home (NYSE:INVH) had its target price reduced by Citigroup from $36.50 to $31.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Invitation Home in a report on Monday, December 29th. UBS Group set a $40.00 price target on shares of Invitation Home in a research note on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price objective on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 18th. Oppenheimer cut their price objective on shares of Invitation Home from $38.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Evercore set a $31.00 target price on shares of Invitation Home in a report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.35.

Invitation Home Price Performance

INVH stock opened at $25.59 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.03 and a quick ratio of 0.03. Invitation Home has a 1 year low of $25.21 and a 1 year high of $35.80. The firm has a 50-day moving average of $26.88 and a 200 day moving average of $28.16. The company has a market cap of $15.60 billion, a P/E ratio of 26.66, a PEG ratio of 2.78 and a beta of 0.83.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, February 18th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.21). Invitation Home had a return on equity of 6.24% and a net margin of 21.53%.The firm had revenue of $685.25 million for the quarter, compared to analysts’ expectations of $683.00 million. During the same quarter last year, the company posted $0.47 EPS. 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 forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Increases Dividend

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

Institutional Investors Weigh In On Invitation Home

Institutional investors have recently made changes to their positions in the company. State of Michigan Retirement System raised its holdings in Invitation Home by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 155,000 shares of the company’s stock worth $5,084,000 after acquiring an additional 400 shares during the last quarter. Carnegie Lake Advisors LLC increased its holdings in shares of Invitation Home by 1.2% in the 3rd quarter. Carnegie Lake Advisors LLC now owns 33,776 shares of the company’s stock worth $991,000 after purchasing an additional 400 shares in the last quarter. Virtus Investment Advisers LLC raised its stake in shares of Invitation Home by 9.0% in the second quarter. Virtus Investment Advisers LLC now owns 5,086 shares of the company’s stock worth $167,000 after purchasing an additional 422 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Invitation Home by 11.8% during the second quarter. Rothschild Investment LLC now owns 4,127 shares of the company’s stock valued at $135,000 after purchasing an additional 436 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Invitation Home by 12.3% during the third quarter. Assetmark Inc. now owns 4,060 shares of the company’s stock valued at $119,000 after buying an additional 446 shares during the last quarter. Hedge funds and other 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.