Invitation Homes (NYSE:INVH) Price Target Raised to $40.00 at JPMorgan Chase & Co.

Invitation Homes (NYSE:INVH) had its price target increased by JPMorgan Chase & Co. from $36.00 to $40.00 in a report published on Monday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

INVH has been the subject of several other research reports. Royal Bank of Canada lowered Invitation Homes from an outperform rating to a sector perform rating and lowered their price objective for the company from $37.00 to $36.00 in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a hold rating to a buy rating and raised their price objective for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. The Goldman Sachs Group began coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a buy rating and a $46.00 price objective for the company. Keefe, Bruyette & Woods lowered their price objective on Invitation Homes from $38.00 to $37.00 and set a market perform rating for the company in a research report on Tuesday, July 30th. Finally, Scotiabank reduced their price target on Invitation Homes from $38.00 to $37.00 and set a sector perform rating for the company in a report on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $39.10.

Invitation Homes Stock Performance

Shares of INVH stock opened at $36.77 on Monday. The stock has a fifty day moving average of $35.79 and a 200 day moving average of $35.20. Invitation Homes has a 52 week low of $28.49 and a 52 week high of $37.80. The firm has a market capitalization of $22.52 billion, a price-to-earnings ratio of 42.26, a PEG ratio of 4.50 and a beta of 1.01. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The business had revenue of $653.45 million during the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. As a group, research analysts expect that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.05%. Invitation Homes’s payout ratio is 128.74%.

Institutional Investors Weigh In On Invitation Homes

Several large investors have recently bought and sold shares of INVH. Envestnet Portfolio Solutions Inc. grew its stake in shares of Invitation Homes by 6.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 26,751 shares of the company’s stock valued at $912,000 after purchasing an additional 1,613 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Invitation Homes by 153.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 119,461 shares of the company’s stock valued at $4,075,000 after purchasing an additional 72,243 shares during the period. Kentucky Retirement Systems grew its stake in shares of Invitation Homes by 2.4% during the 4th quarter. Kentucky Retirement Systems now owns 46,025 shares of the company’s stock valued at $1,570,000 after purchasing an additional 1,086 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Invitation Homes by 2.1% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 20,493 shares of the company’s stock valued at $699,000 after purchasing an additional 429 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Invitation Homes during the 4th quarter valued at about $191,000. 96.79% of the stock is currently owned by institutional investors.

About Invitation Homes

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.