Invitation Homes (NYSE:INVH) PT Set at $42.00 by Evercore ISI

Evercore ISI set a $42.00 target price on Invitation Homes (NYSE:INVHGet Rating) in a research note issued to investors on Monday, Stock Target Advisor reports.

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.

Invitation Homes (NYSE:INVHGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.25). Invitation Homes had a return on equity of 3.29% and a net margin of 14.43%. During the same period in the previous year, the company earned $0.36 earnings per share. Research analysts anticipate that Invitation Homes will post 1.65 EPS for the current year.

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.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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