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

Shares of Invitation Homes Inc. (NYSE:INVH) have earned an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $38.70.

A number of analysts have commented on the company. Wells Fargo & Company downgraded 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 report on Monday, August 26th. Evercore ISI increased their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Barclays started coverage on shares of Invitation Homes in a research report on Tuesday, December 17th. They set an “overweight” rating and a $38.00 target price for the company. JMP Securities restated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group started coverage on Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective on the stock.

Invitation Homes Stock Up 1.3 %

Shares of Invitation Homes stock opened at $32.14 on Friday. Invitation Homes has a one year low of $31.01 and a one year high of $37.80. The company has a market cap of $19.69 billion, a P/E ratio of 45.27, a PEG ratio of 5.06 and a beta of 1.03. 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 firm has a fifty day moving average of $33.46 and a two-hundred day moving average of $34.81.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.61%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is presently 163.38%.

Institutional Investors Weigh In On Invitation Homes

Large investors have recently made changes to their positions in the business. Tidal Investments LLC lifted its stake in shares of Invitation Homes by 39.0% during the third quarter. Tidal Investments LLC now owns 22,878 shares of the company’s stock worth $807,000 after purchasing an additional 6,419 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Invitation Homes by 146.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,213 shares of the company’s stock valued at $482,000 after buying an additional 8,451 shares during the period. Toronto Dominion Bank lifted its position in Invitation Homes by 0.9% during the 3rd quarter. Toronto Dominion Bank now owns 287,268 shares of the company’s stock worth $10,129,000 after acquiring an additional 2,692 shares in the last quarter. Prestige Wealth Management Group LLC boosted its holdings in Invitation Homes by 9,685.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 7,437 shares of the company’s stock worth $264,000 after acquiring an additional 7,361 shares during the period. Finally, Vestcor Inc grew its position in Invitation Homes by 2.5% in the third quarter. Vestcor Inc now owns 150,696 shares of the company’s stock valued at $5,314,000 after acquiring an additional 3,679 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.