Brokerages Set Invitation Homes Inc. (NYSE:INVH) Target Price at $38.90

Invitation Homes Inc. (NYSE:INVH) has been given a consensus recommendation of “Moderate Buy” by the twenty ratings firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $38.90.

Several equities analysts recently issued reports on the stock. Mizuho cut their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Keefe, Bruyette & Woods dropped their target price on shares of 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. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Scotiabank dropped their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Finally, UBS Group boosted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th.

Invitation Homes Trading Up 1.2 %

Shares of INVH stock opened at $31.79 on Friday. Invitation Homes has a 12-month low of $31.01 and a 12-month high of $37.80. The company has a market capitalization of $19.47 billion, a P/E ratio of 44.78, a P/E/G ratio of 4.45 and a beta of 1.02. The firm has a 50-day moving average price of $34.91 and a 200 day moving average price of $35.08. The company has a quick ratio of 0.20, a current ratio of 0.21 and a debt-to-equity ratio of 0.47.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s payout ratio is currently 157.75%.

Institutional Trading of Invitation Homes

A number of institutional investors have recently made changes to their positions in INVH. Canada Pension Plan Investment Board lifted its position in shares of Invitation Homes by 27.2% in the first quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after purchasing an additional 3,351,424 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Invitation Homes by 109.3% in the first quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock worth $40,644,000 after purchasing an additional 595,988 shares in the last quarter. Swedbank AB bought a new stake in shares of Invitation Homes in the first quarter worth $16,368,000. National Bank of Canada FI lifted its position in shares of Invitation Homes by 321.5% in the first quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock worth $19,686,000 after purchasing an additional 431,735 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its position in shares of Invitation Homes by 4.7% in the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after purchasing an additional 384,564 shares in the last quarter. Institutional investors 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.