Evercore ISI Raises Invitation Homes (NYSE:INVH) Price Target to $37.00

Invitation Homes (NYSE:INVH) had its target price raised by Evercore ISI from $36.00 to $37.00 in a report released on Tuesday morning, Benzinga reports. They currently have an in-line rating on the stock.

Several other equities analysts have also issued reports on INVH. Barclays reduced their target price on Invitation Homes from $41.00 to $40.00 and set an overweight rating for the company in a report on Wednesday, May 29th. Scotiabank upped their target price on Invitation Homes from $36.00 to $38.00 and gave the company a sector perform rating in a report on Thursday, May 16th. JPMorgan Chase & Co. upped their target price on Invitation Homes from $35.00 to $36.00 and gave the company a neutral rating in a report on Monday, June 17th. Mizuho reduced their target price on Invitation Homes from $37.00 to $36.00 and set a neutral rating for the company in a report on Monday, June 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $38.00 target price on shares of Invitation Homes in a report on Monday, June 17th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $38.06.

Invitation Homes Stock Performance

Shares of INVH opened at $35.45 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a 50 day moving average price of $35.20 and a two-hundred day moving average price of $34.41. The firm has a market capitalization of $21.71 billion, a P/E ratio of 40.75, a P/E/G ratio of 2.21 and a beta of 0.99. Invitation Homes has a 52 week low of $28.49 and a 52 week high of $36.53.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $646.04 million for the quarter, compared to the consensus estimate of $630.97 million. Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. Equities analysts forecast that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 27th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, June 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Insider Activity

In other news, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction on Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the completion of the transaction, the director now owns 28,068 shares of the company’s stock, valued at $970,591.44. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Invitation Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. purchased a new position in Invitation Homes during the first quarter worth about $26,000. Creekmur Asset Management LLC purchased a new position in Invitation Homes during the fourth quarter worth about $46,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after buying an additional 1,061 shares in the last quarter. Mather Group LLC. bought a new position in Invitation Homes in the first quarter valued at $75,000. Finally, GAMMA Investing LLC bought a new position in Invitation Homes in the fourth quarter valued at $79,000. 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.