Invitation Homes Inc. (NYSE:INVH) Given Average Rating of “Moderate Buy” by Analysts

Invitation Homes Inc. (NYSE:INVH) has been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $38.80.

A number of brokerages have issued reports on INVH. Mizuho cut their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th.

Invitation Homes Trading Down 0.9 %

NYSE:INVH opened at $33.59 on Wednesday. Invitation Homes has a 52 week low of $31.01 and a 52 week high of $37.80. The firm has a 50 day moving average of $33.82 and a 200 day moving average of $34.96. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 5.15 and a beta of 1.03.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio is 157.75%.

Hedge Funds Weigh In On Invitation Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its position in Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after buying an additional 641 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Invitation Homes during the 3rd quarter valued at $40,000. Family Firm Inc. acquired a new position in shares of Invitation Homes during the 2nd quarter worth $42,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Invitation Homes during the 2nd quarter worth $44,000. Finally, Headlands Technologies LLC bought a new position in Invitation Homes in the second quarter worth approximately $45,000. 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.