Invitation Homes Inc. (NYSE:INVH) Receives $38.80 Consensus PT from Brokerages

Shares of Invitation Homes Inc. (NYSE:INVH) have received an average rating of “Moderate Buy” from the twenty brokerages that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $38.80.

INVH has been the topic of a number of research analyst reports. Evercore ISI upped their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. The Goldman Sachs Group began coverage on Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target on the stock. Mizuho dropped their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. UBS Group boosted their price target on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company cut 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 report on Monday, August 26th.

Invitation Homes Stock Down 0.9 %

INVH stock opened at $34.30 on Wednesday. Invitation Homes has a fifty-two week low of $31.01 and a fifty-two week high of $37.80. The business’s 50 day moving average price is $33.91 and its two-hundred day moving average price is $34.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $21.01 billion, a price-to-earnings ratio of 48.31, a price-to-earnings-growth ratio of 5.26 and a beta of 1.02.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.27%. Invitation Homes’s payout ratio is 157.75%.

Institutional Investors Weigh In On Invitation Homes

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Invitation Homes by 767.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after purchasing an additional 4,883,564 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after purchasing an additional 997,353 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock worth $40,362,000 after purchasing an additional 780,760 shares in the last quarter. FMR LLC increased its stake in shares of Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after purchasing an additional 753,464 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Invitation Homes by 144.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company’s stock worth $36,225,000 after purchasing an additional 607,163 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.