Invitation Homes Inc. (NYSE:INVH) Given Average Rating of “Moderate Buy” by Brokerages

Invitation Homes Inc. (NYSE:INVH) has received an average rating of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $38.80.

Several research firms have weighed in on INVH. Keefe, Bruyette & Woods cut their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Scotiabank cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Royal Bank of Canada decreased their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, UBS Group boosted their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th.

Hedge Funds Weigh In On Invitation Homes

Hedge funds have recently made changes to their positions in the business. Capital Square LLC lifted its position in shares of Invitation Homes by 1.3% in the third quarter. Capital Square LLC now owns 23,726 shares of the company’s stock worth $837,000 after purchasing an additional 308 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Invitation Homes by 0.6% during the 2nd 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Invitation Homes by 6.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock worth $197,000 after buying an additional 343 shares during the last quarter. CWM LLC grew its holdings in shares of Invitation Homes by 5.1% in the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock valued at $257,000 after acquiring an additional 351 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its position in shares of Invitation Homes by 0.9% in 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 last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $34.16 on Wednesday. Invitation Homes has a 52 week low of $31.01 and a 52 week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 5.15 and a beta of 1.02. The firm has a fifty day moving average of $34.04 and a two-hundred day moving average of $35.00.

Invitation Homes Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s payout ratio is 157.75%.

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.