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

Invitation Homes Inc. (NYSE:INVH) has earned a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $39.00.

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. The Goldman Sachs Group assumed coverage on Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective for the company. Evercore ISI increased their price objective on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada lowered Invitation Homes from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $37.00 to $36.00 in a research report on Monday, September 9th. Finally, UBS Group increased their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th.

Institutional Trading of Invitation Homes

Several institutional investors have recently added to or reduced their stakes in the business. Creative Planning boosted its stake in Invitation Homes by 2.4% during the 3rd quarter. Creative Planning now owns 26,129 shares of the company’s stock valued at $921,000 after purchasing an additional 600 shares during the last quarter. Paladin Wealth LLC purchased a new stake in Invitation Homes during the 3rd quarter valued at $40,000. Exchange Traded Concepts LLC boosted its stake in Invitation Homes by 32.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,808 shares of the company’s stock valued at $346,000 after purchasing an additional 2,401 shares during the last quarter. Inspire Investing LLC boosted its stake in Invitation Homes by 0.6% during the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock valued at $2,279,000 after purchasing an additional 369 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Invitation Homes by 584.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,261 shares of the company’s stock valued at $258,000 after purchasing an additional 6,200 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 0.6 %

Shares of INVH stock opened at $33.75 on Tuesday. The stock has a market capitalization of $20.67 billion, a PE ratio of 38.79, a P/E/G ratio of 4.71 and a beta of 1.01. Invitation Homes has a 1-year low of $28.49 and a 1-year high of $37.80. The business has a 50-day moving average of $35.58 and a 200 day moving average of $35.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20.

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

Invitation Homes Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 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.