Invitation Homes (NYSE:INVH) PT Raised to $38.00

Invitation Homes (NYSE:INVH) had its price objective boosted by Evercore ISI from $37.00 to $38.00 in a research report report published on Monday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on INVH. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a hold rating to a buy rating and increased their price target for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Scotiabank lowered their price target on shares of 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. Royal Bank of Canada lowered shares of Invitation Homes from an outperform rating to a sector perform rating and dropped their price objective for the company from $37.00 to $36.00 in a report on Monday, September 9th. Mizuho lowered their price target 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, UBS Group lifted their price objective on Invitation Homes from $41.00 to $42.00 and gave the company a buy rating in a research note on Friday, August 16th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $39.10.

Invitation Homes Stock Performance

INVH stock opened at $36.04 on Monday. The business has a 50-day moving average price of $35.80 and a 200 day moving average price of $35.22. Invitation Homes has a 1-year low of $28.49 and a 1-year high of $37.80. The company has a market capitalization of $22.08 billion, a P/E ratio of 41.43, a PEG ratio of 4.50 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 (NYSE:INVH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The firm had revenue of $653.45 million during the quarter, compared to the consensus estimate of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. As a group, equities research analysts forecast that Invitation Homes will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.11%. Invitation Homes’s dividend payout ratio is presently 128.74%.

Institutional Investors Weigh In On Invitation Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INVH. BOK Financial Private Wealth Inc. purchased a new position in Invitation Homes during the first quarter worth about $26,000. UMB Bank n.a. lifted its position in Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after buying an additional 641 shares during the period. Family Firm Inc. acquired a new stake in Invitation Homes during the second quarter worth about $42,000. Ashton Thomas Private Wealth LLC purchased a new position in Invitation Homes in the second quarter valued at about $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes in the 2nd quarter worth $45,000. Hedge funds and other 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.