Invitation Homes (NYSE:INVH) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c” rating in a research note issued to investors on Tuesday.

Separately, Raymond James raised their target price on shares of Invitation Homes from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, August 21st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $25.83.

Shares of Invitation Homes stock traded up $0.27 during trading hours on Tuesday, reaching $21.59. The company’s stock had a trading volume of 633,355 shares, compared to its average volume of 2,012,078. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.75 and a current ratio of 0.47. Invitation Homes has a one year low of $20.25 and a one year high of $24.30. The company has a market cap of $10.95 billion, a P/E ratio of 83.02, a PEG ratio of 3.16 and a beta of 0.03.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Monday, November 5th. The company reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. Invitation Homes had a negative net margin of 4.71% and a negative return on equity of 0.56%. The business had revenue of $434.20 million for the quarter, compared to analysts’ expectations of $436.18 million. During the same quarter last year, the company earned $0.20 EPS. The company’s revenue for the quarter was up 78.3% compared to the same quarter last year. As a group, sell-side analysts predict that Invitation Homes will post 1.18 earnings per share for the current year.

In other Invitation Homes news, Director Barry S. Sternlicht sold 1,309,849 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $23.55, for a total transaction of $30,846,943.95. Following the transaction, the director now owns 5,482 shares of the company’s stock, valued at approximately $129,101.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank grew its stake in shares of Invitation Homes by 9.3% in the 3rd quarter. Toronto Dominion Bank now owns 33,925 shares of the company’s stock worth $777,000 after purchasing an additional 2,896 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Invitation Homes by 1.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 283,044 shares of the company’s stock worth $6,527,000 after purchasing an additional 2,930 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Invitation Homes by 14.3% in the 2nd quarter. CIBC Asset Management Inc now owns 24,100 shares of the company’s stock worth $556,000 after purchasing an additional 3,013 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Invitation Homes by 338.8% in the 3rd quarter. Bank of Montreal Can now owns 4,555 shares of the company’s stock worth $104,000 after purchasing an additional 3,517 shares during the last quarter. Finally, DnB Asset Management AS grew its stake in shares of Invitation Homes by 14.2% in the 2nd quarter. DnB Asset Management AS now owns 29,000 shares of the company’s stock worth $669,000 after purchasing an additional 3,600 shares during the last quarter.

About Invitation Homes

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

Further Reading: Book Value Per Share – BVPS

Analyst Recommendations for Invitation Homes (NYSE:INVH)

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