Invitation Homes (NYSE:INVH) Shares Gap Down to $36.50

Invitation Homes Inc. (NYSE:INVH) shares gapped down prior to trading on Tuesday . The stock had previously closed at $36.50, but opened at $35.38. Invitation Homes shares last traded at $36.00, with a volume of 400,935 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on INVH. Keefe, Bruyette & Woods dropped their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Tuesday, July 30th. Evercore ISI increased their price target on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada lowered Invitation Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $37.00 to $36.00 in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, The Goldman Sachs Group started coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Invitation Homes has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Invitation Homes Trading Down 1.7 %

The firm has a market capitalization of $21.97 billion, a P/E ratio of 41.40, 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 stock has a 50-day simple moving average of $35.84 and a two-hundred day simple moving average of $35.25.

Invitation Homes (NYSE:INVH) last issued its quarterly 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 return on equity of 4.68% and a net margin of 18.75%. The business had revenue of $653.45 million during the quarter, compared to analyst estimates of $654.70 million. On average, equities research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.12%. The ex-dividend date is Thursday, September 26th. Invitation Homes’s dividend payout ratio is currently 128.74%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its position in Invitation Homes by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock worth $1,775,000 after buying an additional 310 shares during the period. Harbour Capital Advisors LLC grew its position in shares of Invitation Homes by 2.3% during the 1st quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock valued at $495,000 after buying an additional 315 shares during the last quarter. Appleton Partners Inc. MA boosted its holdings in shares of Invitation Homes by 0.9% during the second quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock valued at $1,431,000 after acquiring an additional 365 shares during the period. Wellington Management Group LLP boosted its position in Invitation Homes by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock worth $1,444,000 after acquiring an additional 386 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in Invitation Homes by 6.6% during the second quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock worth $237,000 after purchasing an additional 409 shares in the last quarter. 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.