Keefe, Bruyette & Woods Raises Invitation Homes (NYSE:INVH) Price Target to $36.00

Invitation Homes (NYSE:INVH) had its price objective hoisted by stock analysts at Keefe, Bruyette & Woods from $35.00 to $36.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 6.47% from the stock’s previous close.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays cut their target price on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.53.

Invitation Homes Stock Performance

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

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

Hedge Funds Weigh In On Invitation Homes

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cohen & Steers Inc. increased its holdings in Invitation Homes by 1.7% in the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company’s stock worth $1,970,744,000 after purchasing an additional 1,019,377 shares in the last quarter. Norges Bank acquired a new position in Invitation Homes in the 4th quarter worth about $1,646,794,000. State Street Corp increased its holdings in Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after purchasing an additional 298,307 shares in the last quarter. FMR LLC increased its holdings in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after purchasing an additional 753,464 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Invitation Homes by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock worth $480,276,000 after purchasing an additional 365,954 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.