Barclays Cuts Invitation Home (NYSE:INVH) Price Target to $31.00

Invitation Home (NYSE:INVH) had its price target decreased by Barclays from $33.00 to $31.00 in a research note released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other analysts have also weighed in on INVH. Mizuho reissued a “neutral” rating and set a $27.00 price objective (down from $30.00) on shares of Invitation Home in a report on Thursday, January 8th. Raymond James Financial restated 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 for the company in a research report on Tuesday, February 24th. JPMorgan Chase & Co. decreased their price target 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. Finally, UBS Group set a $40.00 price target on shares of Invitation Home in a report on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Invitation Home Stock Down 0.8%

Shares of INVH opened at $26.21 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.03 and a current ratio of 0.03. The company has a 50-day simple moving average of $26.76 and a 200-day simple moving average of $27.96. Invitation Home has a 52 week low of $25.21 and a 52 week high of $35.80. The firm has a market capitalization of $15.97 billion, a P/E ratio of 27.30, a P/E/G ratio of 2.82 and a beta of 0.83.

Invitation Home (NYSE:INVH) last released 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 analyst estimates of $683.00 million. During the same period last year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities 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 declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Tuesday, December 23rd were issued 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 4.6%. The ex-dividend date of this dividend was Tuesday, December 23rd. Invitation Home’s dividend payout ratio (DPR) is 125.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CIBC Asset Management Inc increased its position in Invitation Home by 446.4% in the third quarter. CIBC Asset Management Inc now owns 452,675 shares of the company’s stock worth $13,277,000 after purchasing an additional 369,831 shares during the period. PGGM Investments raised its holdings in Invitation Home by 13.0% during the 3rd quarter. PGGM Investments now owns 5,672,720 shares of the company’s stock worth $166,381,000 after purchasing an additional 653,539 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Invitation Home by 5.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,339,473 shares of the company’s stock valued at $68,617,000 after purchasing an additional 128,561 shares during the period. NEOS Investment Management LLC lifted its position in Invitation Home by 67.6% during the 3rd quarter. NEOS Investment Management LLC now owns 129,618 shares of the company’s stock valued at $3,802,000 after purchasing an additional 52,296 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Invitation Home in the 3rd quarter valued at about $4,100,000. Institutional investors and hedge funds 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.