Analysts Set Invitation Homes Inc. (NYSE:INVH) Price Target at $38.29

Invitation Homes Inc. (NYSE:INVH) has been given an average rating of “Hold” by the seventeen research firms that are currently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $38.29.

INVH has been the subject of a number of research reports. Mizuho cut their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Barclays began coverage on Invitation Homes in a research report on Tuesday, December 17th. They set an “overweight” rating and a $38.00 price target on the stock. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Royal Bank of Canada decreased their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st.

Invitation Homes Stock Up 0.7 %

Shares of NYSE INVH opened at $31.31 on Thursday. 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 business has a 50-day moving average of $32.66 and a 200-day moving average of $34.21. The firm has a market capitalization of $19.18 billion, a price-to-earnings ratio of 44.09, a PEG ratio of 4.44 and a beta of 1.04. Invitation Homes has a 12 month low of $30.13 and a 12 month high of $37.80.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.71%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio is presently 163.38%.

Institutional Trading of Invitation Homes

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in Invitation Homes during the 2nd quarter valued at approximately $331,000. Headlands Technologies LLC purchased a new position in shares of Invitation Homes during the second quarter valued at approximately $45,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Invitation Homes by 5.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 65,162 shares of the company’s stock valued at $2,339,000 after acquiring an additional 3,490 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Invitation Homes by 8.7% in the second quarter. Envestnet Asset Management Inc. now owns 588,034 shares of the company’s stock worth $21,105,000 after acquiring an additional 47,035 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after acquiring an additional 170,374 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.