Keefe, Bruyette & Woods Issues Pessimistic Forecast for Invitation Homes (NYSE:INVH) Stock Price

Invitation Homes (NYSE:INVH) had its price target decreased by Keefe, Bruyette & Woods from $37.00 to $35.00 in a research note released on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other analysts also recently commented on the company. Evercore ISI increased their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. UBS Group raised their target price on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Royal Bank of Canada decreased their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Invitation Homes has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Trading Up 1.2 %

Shares of INVH stock opened at $33.70 on Wednesday. Invitation Homes has a 52-week low of $31.01 and a 52-week high of $37.80. The company has a 50-day simple moving average of $34.65 and a two-hundred day simple moving average of $35.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 47.46, a PEG ratio of 4.73 and a beta of 1.02.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio is presently 157.75%.

Hedge Funds Weigh In On Invitation Homes

A number of large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in Invitation Homes by 128.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 17,421 shares of the company’s stock worth $620,000 after purchasing an additional 9,790 shares in the last quarter. Norden Group LLC bought a new position in shares of Invitation Homes in the first quarter worth $424,000. Janney Montgomery Scott LLC raised its position in shares of Invitation Homes by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,110 shares of the company’s stock worth $324,000 after buying an additional 804 shares in the last quarter. Nordea Investment Management AB boosted its stake in Invitation Homes by 4.5% during the first quarter. Nordea Investment Management AB now owns 44,393 shares of the company’s stock valued at $1,569,000 after buying an additional 1,903 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in Invitation Homes by 178.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,376 shares of the company’s stock worth $476,000 after buying an additional 8,573 shares in the last quarter. 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.