Other equities analysts also recently issued reports about the company. Credit Suisse Group raised their price objective on Invitation Homes from $45.00 to $47.00 and gave the stock an outperform rating in a report on Monday, April 25th. BMO Capital Markets initiated coverage on Invitation Homes in a research note on Thursday, April 14th. They issued a market perform rating and a $45.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered their target price on Invitation Homes from $52.00 to $51.00 and set a buy rating for the company in a research note on Thursday, March 24th. Mizuho lowered their target price on Invitation Homes from $48.00 to $45.00 and set a buy rating for the company in a research note on Wednesday, March 30th. Finally, Jefferies Financial Group initiated coverage on Invitation Homes in a research note on Wednesday, April 20th. They issued a buy rating and a $48.00 target price for the company. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes presently has an average rating of Moderate Buy and an average target price of $46.17.
Invitation Homes stock opened at $35.08 on Monday. The stock’s 50-day moving average is $37.79 and its 200-day moving average is $40.20. The company has a market cap of $21.41 billion, a price-to-earnings ratio of 70.16, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. Invitation Homes has a 12 month low of $33.15 and a 12 month high of $45.80.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Tuesday, May 10th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Monday, May 9th. Invitation Homes’s dividend payout ratio is presently 176.00%.
A number of large investors have recently added to or reduced their stakes in INVH. Franklin Resources Inc. lifted its holdings in Invitation Homes by 424.2% during the 3rd quarter. Franklin Resources Inc. now owns 31,539 shares of the company’s stock worth $1,210,000 after buying an additional 25,522 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Invitation Homes during the 3rd quarter worth approximately $55,000. Gotham Asset Management LLC bought a new position in Invitation Homes during the 3rd quarter worth approximately $221,000. MML Investors Services LLC bought a new position in Invitation Homes during the 3rd quarter worth approximately $245,000. Finally, LPL Financial LLC lifted its holdings in Invitation Homes by 21.2% during the 3rd quarter. LPL Financial LLC now owns 47,554 shares of the company’s stock worth $1,823,000 after buying an additional 8,307 shares during the last quarter.
Invitation Homes Company Profile (Get Rating)
Invitation Homes is the nation's premier single-family home leasing 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.
- Get a free copy of the StockNews.com research report on Invitation Homes (INVH)
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