Invitation Homes (NYSE:INVH) Given New $40.00 Price Target at JPMorgan Chase & Co.

Invitation Homes (NYSE:INVH) had its price target lifted by research analysts at JPMorgan Chase & Co. from $36.00 to $40.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 8.23% from the stock’s current price.

INVH has been the subject of a number of other reports. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Keefe, Bruyette & Woods cut their target price on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, July 30th. UBS Group increased their price target on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $41.00 in a research note on Wednesday, July 24th. Finally, Evercore ISI decreased their target price on Invitation Homes from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, September 9th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.05.

Invitation Homes Stock Down 0.2 %

Shares of NYSE:INVH traded down $0.06 during mid-day trading on Monday, hitting $36.96. 469,804 shares of the company traded hands, compared to its average volume of 3,187,493. The firm has a market cap of $22.64 billion, a P/E ratio of 42.48, a PEG ratio of 4.50 and a beta of 1.01. The firm’s 50 day simple moving average is $35.78 and its 200 day simple moving average is $35.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes has a 52-week low of $28.49 and a 52-week high of $37.80.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The company had revenue of $653.45 million during the quarter, compared to analyst estimates of $654.70 million. On average, equities analysts anticipate that Invitation Homes will post 1.83 EPS for the current year.

Institutional Investors Weigh In On Invitation Homes

A number of large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of Invitation Homes in the second quarter valued at approximately $200,000. Brown Financial Advisors bought a new stake in shares of Invitation Homes in the second quarter valued at approximately $321,000. Point72 Asset Management L.P. boosted its position in shares of Invitation Homes by 28.8% in the second quarter. Point72 Asset Management L.P. now owns 82,971 shares of the company’s stock valued at $2,978,000 after acquiring an additional 18,571 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Invitation Homes in the second quarter valued at approximately $214,000. Finally, Quarry LP boosted its position in shares of Invitation Homes by 1,368.9% in the second quarter. Quarry LP now owns 3,966 shares of the company’s stock valued at $142,000 after acquiring an additional 3,696 shares during the period. Institutional investors own 96.79% of the company’s stock.

About Invitation Homes

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.