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

Invitation Homes Inc. (NYSE:INVH) has been given an average rating of “Hold” by the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $38.29.

A number of analysts have issued reports on INVH shares. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Bank of America downgraded Invitation Homes from a “buy” rating to a “neutral” rating and cut their price target for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Mizuho lowered their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. JMP Securities reaffirmed 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 reduced their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th.

Invitation Homes Trading Down 1.3 %

Shares of INVH stock opened at $30.54 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market cap of $18.71 billion, a P/E ratio of 43.01, a PEG ratio of 5.03 and a beta of 1.04. The company has a 50 day moving average of $32.80 and a 200-day moving average of $34.32. Invitation Homes has a 12-month low of $30.13 and a 12-month high of $37.80.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be issued 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 is Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 163.38%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Capital Square LLC boosted its stake in Invitation Homes by 1.3% during the third quarter. Capital Square LLC now owns 23,726 shares of the company’s stock valued at $837,000 after buying an additional 308 shares during the period. GAMMA Investing LLC boosted its position in shares of Invitation Homes by 6.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after acquiring an additional 343 shares during the last quarter. CWM LLC boosted its position in shares of Invitation Homes by 5.1% during the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock valued at $257,000 after acquiring an additional 351 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of Invitation Homes by 0.6% during the third quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock worth $2,279,000 after purchasing an additional 369 shares in the last quarter. Finally, 1620 Investment Advisors Inc. increased its position in shares of Invitation Homes by 2.2% in the third quarter. 1620 Investment Advisors Inc. now owns 18,734 shares of the company’s stock worth $661,000 after purchasing an additional 395 shares during the last quarter. Institutional investors 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.