Invitation Homes (NYSE:INVH) Upgraded to “Buy” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes (NYSE:INVH) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, MarketBeat reports. The brokerage currently has $41.00 target price on the stock, up from their previous target price of $35.00.

Several other research analysts have also weighed in on the company. Raymond James lifted their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an outperform rating in a report on Thursday, March 28th. Barclays cut their price objective on Invitation Homes from $41.00 to $40.00 and set an overweight rating on the stock in a report on Wednesday, May 29th. Scotiabank increased their target price on Invitation Homes from $36.00 to $38.00 and gave the stock a sector perform rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a neutral rating in a research note on Monday, June 17th. Finally, Keefe, Bruyette & Woods reissued a market perform rating and set a $38.00 price objective on shares of Invitation Homes in a research report on Monday, June 17th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $38.44.

Invitation Homes Stock Performance

Shares of INVH stock opened at $34.07 on Wednesday. The stock has a market cap of $20.87 billion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. The stock has a 50-day moving average of $35.30 and a 200-day moving average of $34.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.21. Invitation Homes has a one year low of $28.49 and a one year high of $36.92.

Invitation Homes (NYSE:INVH) last issued its earnings results on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). The firm had revenue of $646.04 million during the quarter, compared to the consensus estimate of $630.97 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. As a group, sell-side analysts expect that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Thursday, June 27th. Invitation Homes’s dividend payout ratio (DPR) is 128.74%.

Insider Transactions at Invitation Homes

In related news, COO Charles D. Young sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares of the company’s stock, valued at $9,594,065.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the transaction, the director now owns 28,068 shares of the company’s stock, valued at $970,591.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Charles D. Young sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the sale, the chief operating officer now directly owns 275,296 shares of the company’s stock, valued at $9,594,065.60. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BOK Financial Private Wealth Inc. acquired a new stake in Invitation Homes during the 1st quarter valued at $26,000. Family Firm Inc. bought a new position in shares of Invitation Homes in the second quarter valued at about $42,000. Creekmur Asset Management LLC acquired a new stake in shares of Invitation Homes during the 4th quarter worth about $46,000. Blue Trust Inc. boosted its holdings in shares of Invitation Homes by 644.7% during the 2nd quarter. Blue Trust Inc. now owns 1,549 shares of the company’s stock worth $55,000 after buying an additional 1,341 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Invitation Homes by 96.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after buying an additional 1,061 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

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.