Invitation Homes Inc. (NYSE:INVH) Receives $38.70 Average Target Price from Analysts

Invitation Homes Inc. (NYSE:INVH) has received an average recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.70.

Several analysts recently weighed in on INVH shares. Scotiabank decreased their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Mizuho cut their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective on the stock. Evercore ISI lifted their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Keefe, Bruyette & Woods cut their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th.

Invitation Homes Stock Up 1.2 %

NYSE INVH opened at $32.62 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $19.98 billion, a PE ratio of 45.94, a P/E/G ratio of 5.06 and a beta of 1.03. The stock’s 50 day moving average is $33.43 and its 200 day moving average is $34.79. Invitation Homes has a 12 month low of $31.01 and a 12 month high of $37.80.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.56%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, December 26th. Invitation Homes’s payout ratio is 163.38%.

Hedge Funds Weigh In On Invitation Homes

Several large investors have recently bought and sold shares of the stock. UMB Bank n.a. lifted its holdings in shares of Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares during the period. Paladin Wealth LLC acquired a new position in shares of Invitation Homes in the third quarter valued at approximately $40,000. Family Firm Inc. acquired a new position in Invitation Homes in the 2nd quarter valued at $42,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invitation Homes during the 2nd quarter worth $44,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Invitation Homes during the second quarter worth $45,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.