Invitation Homes (NYSE:INVH) Price Target Cut to $34.00 by Analysts at Royal Bank of Canada

Invitation Homes (NYSE:INVH) had its target price reduced by Royal Bank of Canada from $36.00 to $34.00 in a research note published on Friday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other brokerages have also recently commented on INVH. JPMorgan Chase & Co. upped their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Evercore ISI increased their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. UBS Group boosted their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Mizuho cut their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, Scotiabank reduced their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.90.

Invitation Homes Stock Up 1.2 %

Shares of NYSE INVH opened at $31.79 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.20 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $19.47 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 4.45 and a beta of 1.02. The firm’s 50-day moving average is $34.91 and its 200-day moving average is $35.08. Invitation Homes has a 1 year low of $31.01 and a 1 year high of $37.80.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s payout ratio is 157.75%.

Institutional Trading of Invitation Homes

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its position in shares of Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after acquiring an additional 641 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Invitation Homes during the 3rd quarter worth approximately $40,000. Family Firm Inc. bought a new stake in shares of Invitation Homes during the 2nd quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invitation Homes in the 2nd quarter valued at approximately $44,000. Finally, Headlands Technologies LLC bought a new position in shares of Invitation Homes in the second quarter valued at $45,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

About Invitation Homes

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.