Invitation Homes (NYSE:INVH) Upgraded at Mizuho

Mizuho upgraded shares of Invitation Homes (NYSE:INVH) from a neutral rating to an outperform rating in a research note published on Thursday, Marketbeat.com reports. They currently have $36.00 price objective on the stock, up from their previous price objective of $33.00.

A number of other analysts also recently issued reports on INVH. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Barclays reiterated an “overweight” rating and issued a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research note on Wednesday. JMP Securities restated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Keefe, Bruyette & Woods upped their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes presently has a consensus rating of “Hold” and a consensus target price of $37.65.

Invitation Homes Price Performance

NYSE INVH opened at $33.46 on Thursday. 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 stock has a market cap of $20.50 billion, a price-to-earnings ratio of 47.13, a PEG ratio of 4.70 and a beta of 1.03. The business has a 50 day simple moving average of $31.86 and a 200 day simple moving average of $33.30. Invitation Homes has a 52-week low of $30.13 and a 52-week high of $37.80.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Analysts anticipate that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 27th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

Institutional Trading of Invitation Homes

Several hedge funds have recently added to or reduced their stakes in INVH. Assetmark Inc. increased its position in Invitation Homes by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock worth $117,000 after buying an additional 2,344 shares during the period. Orion Portfolio Solutions LLC bought a new position in Invitation Homes during the third quarter worth about $263,000. Charles Schwab Investment Management Inc. increased its position in Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock worth $210,952,000 after acquiring an additional 31,184 shares during the period. Swedbank AB raised its stake in Invitation Homes by 25.1% in the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock worth $20,269,000 after purchasing an additional 115,211 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Invitation Homes in the 3rd quarter valued at about $3,825,000. 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.