Invitation Homes Inc. (NYSE:INVH) Receives Average Recommendation of “Hold” from Analysts

Shares of Invitation Homes Inc. (NYSE:INVH) have earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $37.53.

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Keefe, Bruyette & Woods upped their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Barclays decreased their price target on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th.

Institutional Investors Weigh In On Invitation Homes

Large investors have recently bought and sold shares of the company. Orion Portfolio Solutions LLC acquired a new stake in Invitation Homes during the third quarter worth about $263,000. Swedbank AB boosted its stake 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Invitation Homes in the 3rd quarter valued at approximately $3,825,000. HighTower Advisors LLC boosted its stake in shares of Invitation Homes by 696.9% in 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. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Invitation Homes in the 3rd quarter valued at approximately $4,876,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

NYSE INVH opened at $33.81 on Friday. The firm has a market capitalization of $20.72 billion, a P/E ratio of 47.62, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The firm’s fifty day moving average price is $31.62 and its two-hundred day moving average price is $33.41. Invitation Homes has a 1 year low of $30.13 and a 1 year high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. As a group, research analysts anticipate that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.43%. 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 is presently 158.90%.

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.