Invitation Homes Inc. (NYSE:INVH) Receives $39.05 Average PT from Analysts

Invitation Homes Inc. (NYSE:INVH) has earned an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $39.00.

Several brokerages have recently commented on INVH. Evercore ISI increased their price objective on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada downgraded Invitation Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $37.00 to $36.00 in a report on Monday, September 9th. Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Mizuho decreased their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th.

Invitation Homes Stock Performance

Shares of INVH stock opened at $33.54 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market capitalization of $20.54 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 4.56 and a beta of 1.01. Invitation Homes has a one year low of $28.49 and a one year high of $37.80. The company’s 50-day moving average is $35.61 and its 200 day moving average is $35.20.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). The company had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. Sell-side analysts expect that Invitation Homes will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be paid a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.34%. Invitation Homes’s payout ratio is 128.74%.

Institutional Investors Weigh In On Invitation Homes

Institutional investors have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System lifted its position in shares of Invitation Homes by 5.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock worth $23,852,000 after purchasing an additional 36,951 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Invitation Homes by 56.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock valued at $6,174,000 after buying an additional 62,547 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Invitation Homes by 14.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock worth $37,632,000 after acquiring an additional 131,068 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Invitation Homes during the first quarter worth $2,635,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Invitation Homes during the fourth quarter valued at $3,482,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.