Invitation Homes Inc. (NYSE:INVH) Receives $38.85 Average Target Price 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 company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $38.85.

INVH has been the subject of several research reports. Evercore ISI reduced their price objective on Invitation Homes from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, September 9th. The Goldman Sachs Group assumed coverage on Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target on the stock. Royal Bank of Canada lowered shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $37.00 to $36.00 in a research note on Monday, September 9th. UBS Group lifted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, July 30th.

Invitation Homes Stock Up 2.0 %

Shares of Invitation Homes stock opened at $37.02 on Friday. Invitation Homes has a twelve month low of $28.49 and a twelve month high of $37.80. The stock has a market cap of $22.68 billion, a price-to-earnings ratio of 42.55, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $35.78 and a 200 day moving average price of $35.17.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The firm had revenue of $653.45 million during the quarter, compared to analysts’ expectations of $654.70 million. Equities research analysts forecast that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes’s payout ratio is presently 128.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INVH. Cohen & Steers Inc. raised its holdings in Invitation Homes by 1.3% during the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after buying an additional 1,008,392 shares during the last quarter. Norges Bank bought a new stake in shares of Invitation Homes during the fourth quarter worth about $1,346,883,000. Canada Pension Plan Investment Board raised its holdings in shares of Invitation Homes by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after acquiring an additional 128,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Invitation Homes by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after acquiring an additional 170,374 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in Invitation Homes by 4.7% during the 1st quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock valued at $292,485,000 after purchasing an additional 384,564 shares during the last quarter. 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.