Royal Bank of Canada Issues Pessimistic Forecast for Invitation Homes (NYSE:INVH) Stock Price

Invitation Homes (NYSE:INVH) had its price objective reduced by research analysts at Royal Bank of Canada from $36.00 to $34.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 9.18% from the stock’s current price.

Other equities analysts have also issued reports about the company. UBS Group boosted their price target on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Scotiabank cut their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Mizuho cut their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and cut their target price for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Finally, Evercore ISI upped their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.90.

Invitation Homes Stock Down 0.9 %

Invitation Homes stock traded down $0.27 during midday trading on Friday, hitting $31.14. 1,334,114 shares of the company were exchanged, compared to its average volume of 3,350,597. The company’s fifty day moving average price is $35.09 and its 200-day moving average price is $35.08. The company has a market cap of $19.08 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 4.71 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. Invitation Homes has a fifty-two week low of $30.20 and a fifty-two week high of $37.80.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in Invitation Homes by 496.9% during the 2nd 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 period. Paladin Wealth LLC acquired a new position in Invitation Homes during the third quarter valued at $40,000. Family Firm Inc. acquired a new position in Invitation Homes in the 2nd quarter worth about $42,000. Ashton Thomas Private Wealth LLC acquired a new position in Invitation Homes in the 2nd quarter worth about $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes in the 2nd quarter worth about $45,000. 96.79% of the stock is currently owned by 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.