Invitation Homes Inc. (NYSE:INVH) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Invitation Homes Inc. (NYSE:INVH) have earned an average recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $38.00.

A number of brokerages have issued reports on INVH. JPMorgan Chase & Co. raised their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Scotiabank raised their target price on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, March 7th. Barclays cut their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $38.00 price objective on shares of Invitation Homes in a research report on Monday, June 17th.

Insider Activity at Invitation Homes

In related news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the sale, the director now owns 28,068 shares of the company’s stock, valued at $970,591.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the transaction, the director now directly owns 28,068 shares in the company, valued at $970,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Charles D. Young sold 5,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the transaction, the chief operating officer now owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Invitation Homes

A number of large investors have recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new stake in Invitation Homes during the 1st quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new stake in Invitation Homes during the 4th quarter valued at approximately $46,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Invitation Homes by 96.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after purchasing an additional 1,061 shares in the last quarter. Mather Group LLC. acquired a new stake in Invitation Homes during the 1st quarter valued at approximately $75,000. Finally, Bessemer Group Inc. grew its stake in Invitation Homes by 55.2% during the 1st quarter. Bessemer Group Inc. now owns 2,296 shares of the company’s stock valued at $83,000 after purchasing an additional 817 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 1.6 %

Shares of NYSE:INVH opened at $35.89 on Friday. Invitation Homes has a 1 year low of $28.49 and a 1 year high of $36.53. The firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 41.25, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The business’s 50 day moving average price is $34.90 and its 200-day moving average price is $34.32.

Invitation Homes (NYSE:INVH) last announced its earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. The business had revenue of $646.04 million for the quarter, compared to analysts’ expectations of $630.97 million. On average, equities research analysts forecast that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.12%. The ex-dividend date is Thursday, June 27th. Invitation Homes’s dividend payout ratio (DPR) is 128.74%.

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.