Analysts Set Invitation Homes Inc. (NYSE:INVH) Price Target at $37.47

Invitation Homes Inc. (NYSE:INVH) has received an average recommendation of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $37.47.

A number of equities research analysts recently commented on INVH shares. Royal Bank of Canada dropped their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their price target 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. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Finally, JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th.

Institutional Investors Weigh In On Invitation Homes

Several institutional investors and hedge funds have recently made changes to their positions in INVH. Norges Bank bought a new position in shares of Invitation Homes during the 4th quarter worth about $1,646,794,000. State Street Corp raised its stake in Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after buying an additional 298,307 shares during the period. FMR LLC boosted its holdings in Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares in the last quarter. Geode Capital Management LLC grew its stake in Invitation Homes by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock valued at $480,276,000 after acquiring an additional 365,954 shares during the period. Finally, Centersquare Investment Management LLC increased its holdings in shares of Invitation Homes by 42.9% during the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after acquiring an additional 3,870,432 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Down 0.0 %

NYSE INVH opened at $31.55 on Monday. The stock has a 50-day simple moving average of $31.71 and a 200 day simple moving average of $33.69. The company has a market capitalization of $19.33 billion, a PE ratio of 44.44, a P/E/G ratio of 4.62 and a beta of 1.04. 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 has a 12 month low of $30.13 and a 12 month high of $37.80.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.68%. Invitation Homes’s dividend payout ratio is presently 163.38%.

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.