Invitation Homes Inc. (NYSE:INVH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Invitation Homes Inc. (NYSE:INVH) has been assigned an average rating of “Moderate Buy” from the twenty analysts that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $39.10.

A number of equities research analysts recently commented on the stock. Barclays lowered their price objective on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Keefe, Bruyette & Woods lowered their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 30th. Scotiabank cut their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $37.00 to $38.00 in a report on Monday, August 26th. Finally, 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 target for the company.

Hedge Funds Weigh In On Invitation Homes

A number of large investors have recently bought and sold shares of INVH. BOK Financial Private Wealth Inc. acquired a new stake in shares of Invitation Homes during the 1st quarter worth $26,000. UMB Bank n.a. increased its stake in Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after acquiring an additional 641 shares during the last quarter. Family Firm Inc. acquired a new stake in Invitation Homes during the second quarter worth about $42,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invitation Homes in the 2nd quarter worth about $44,000. Finally, Headlands Technologies LLC acquired a new position in shares of Invitation Homes in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $36.04 on Friday. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 41.43, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The business’s 50 day simple moving average is $35.80 and its 200-day simple moving average is $35.22. Invitation Homes has a 12 month low of $28.49 and a 12 month high of $37.80.

Invitation Homes (NYSE:INVH) last posted its 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 firm had revenue of $653.45 million for 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, equities analysts forecast that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.11%. The ex-dividend date is Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is 128.74%.

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.