Wells Fargo & Company Cuts Invitation Home (NYSE:INVH) Price Target to $28.00

Invitation Home (NYSE:INVH) had its target price decreased by Wells Fargo & Company from $31.00 to $28.00 in a research report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other research analysts have also recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Invitation Home in a report on Monday, December 29th. Raymond James Financial reissued a “market perform” rating on shares of Invitation Home in a research note on Friday, February 27th. Oppenheimer reduced their target price on Invitation Home from $38.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Bank of America lowered their price target on Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, Wall Street Zen downgraded Invitation Home from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Invitation Home has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Invitation Home Price Performance

Shares of INVH stock opened at $26.21 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market capitalization of $15.97 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 2.82 and a beta of 0.83. The firm’s 50-day moving average is $26.76 and its two-hundred day moving average is $27.97. Invitation Home has a 12 month low of $25.21 and a 12 month high of $35.80.

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

Invitation Home Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 4.6%. Invitation Home’s dividend payout ratio is presently 125.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of INVH. CIBC Asset Management Inc raised its position in Invitation Home by 446.4% in the 3rd quarter. CIBC Asset Management Inc now owns 452,675 shares of the company’s stock valued at $13,277,000 after purchasing an additional 369,831 shares in the last quarter. PGGM Investments grew its position in shares of 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 shares of 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 worth $68,617,000 after buying an additional 128,561 shares during the period. NEOS Investment Management LLC increased its stake in shares of Invitation Home by 67.6% during the third quarter. NEOS Investment Management LLC now owns 129,618 shares of the company’s stock worth $3,802,000 after buying an additional 52,296 shares during the period. Finally, Strs Ohio raised its holdings in Invitation Home by 12.1% in the third 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. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.