Barclays Cuts Invitation Homes (NYSE:INVH) Price Target to $36.00

Invitation Homes (NYSE:INVH) had its target price trimmed by Barclays from $38.00 to $36.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also issued reports on INVH. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Friday. Royal Bank of Canada dropped their target price on shares of 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. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. JMP Securities restated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods lowered their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $37.47.

Invitation Homes Price Performance

Shares of INVH stock opened at $30.54 on Friday. The stock has a 50 day moving average price of $32.42 and a 200 day moving average price of $34.06. The firm has a market capitalization of $18.71 billion, a P/E ratio of 43.02, a P/E/G ratio of 4.51 and a beta of 1.04. 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 has a 52-week low of $30.13 and a 52-week high of $37.80.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.80%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC acquired a new stake in Invitation Homes in the third quarter worth about $263,000. Swedbank AB raised its position in shares of Invitation Homes by 25.1% in the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after purchasing an additional 115,211 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Invitation Homes in the 3rd quarter worth approximately $3,825,000. Bank of Montreal Can grew its position in Invitation Homes by 18.0% during the 2nd quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock worth $19,566,000 after purchasing an additional 83,142 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in Invitation Homes by 696.9% during the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock valued at $2,508,000 after purchasing an additional 61,973 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.