Invitation Homes (NYSE:INVH) Downgraded to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group lowered shares of Invitation Homes (NYSE:INVH) from a buy rating to a hold rating in a research note released on Thursday, Marketbeat Ratings reports. Jefferies Financial Group currently has $33.00 price target on the stock, down from their previous price target of $39.00.

A number of other brokerages have also weighed in on INVH. JMP Securities restated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Royal Bank of Canada cut their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Mizuho decreased their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Bank of America downgraded Invitation Homes from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Finally, Barclays assumed coverage on Invitation Homes in a research note on Tuesday, December 17th. They set an “overweight” rating and a $38.00 target price for the company. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.37.

Invitation Homes Stock Down 1.7 %

INVH stock opened at $31.43 on Thursday. The company’s 50 day moving average price is $33.11 and its 200 day moving average price is $34.62. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 5.03 and a beta of 1.03. Invitation Homes has a fifty-two week low of $31.01 and a fifty-two 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.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is 163.38%.

Hedge Funds Weigh In On Invitation Homes

Several institutional investors have recently bought and sold shares of INVH. Natixis Advisors LLC increased its position in Invitation Homes by 34.0% during the 2nd quarter. Natixis Advisors LLC now owns 215,529 shares of the company’s stock worth $7,735,000 after purchasing an additional 54,675 shares during the period. Rhumbline Advisers lifted its holdings in Invitation Homes by 0.4% in the second quarter. Rhumbline Advisers now owns 1,171,761 shares of the company’s stock valued at $42,054,000 after acquiring an additional 4,484 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of 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 purchasing an additional 310 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Invitation Homes by 1.0% during the 2nd quarter. TD Asset Management Inc now owns 201,592 shares of the company’s stock worth $7,235,000 after purchasing an additional 1,909 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Invitation Homes by 10.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,246,456 shares of the company’s stock worth $44,735,000 after purchasing an additional 114,426 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

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.