Invitation Homes (NYSE:INVH) Downgraded to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Invitation Homes (NYSE:INVH) from a buy rating to a hold rating in a research report sent to investors on Thursday, MarketBeat Ratings reports. Jefferies Financial Group currently has $33.00 price objective on the stock, down from their previous price objective of $39.00.

A number of other brokerages also recently weighed in on INVH. Keefe, Bruyette & Woods lowered their target price 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. JMP Securities reiterated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays initiated coverage on shares of Invitation Homes in a report on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 price target for the company. Scotiabank dropped their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Finally, Mizuho reduced their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.37.

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $31.93 on Thursday. The business has a 50-day moving average price of $33.08 and a two-hundred day moving average price of $34.60. Invitation Homes has a 1-year low of $31.01 and a 1-year high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.56 billion, a P/E ratio of 44.97, a PEG ratio of 5.03 and a beta of 1.04.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be paid a $0.29 dividend. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.63%. Invitation Homes’s dividend payout ratio is presently 163.38%.

Hedge Funds Weigh In On Invitation Homes

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Natixis Advisors LLC increased its holdings in Invitation Homes by 34.0% during the second quarter. Natixis Advisors LLC now owns 215,529 shares of the company’s stock worth $7,735,000 after buying an additional 54,675 shares during the last quarter. Rhumbline Advisers lifted its stake in Invitation Homes by 0.4% in the second quarter. Rhumbline Advisers now owns 1,171,761 shares of the company’s stock valued at $42,054,000 after purchasing an additional 4,484 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Invitation Homes by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after purchasing an additional 310 shares during the period. TD Asset Management Inc increased its position in Invitation Homes by 1.0% in the second quarter. TD Asset Management Inc now owns 201,592 shares of the company’s stock worth $7,235,000 after buying an additional 1,909 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Invitation Homes by 10.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,246,456 shares of the company’s stock valued at $44,735,000 after buying an additional 114,426 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.