Invitation Homes Inc. (NYSE:INVH) Receives Consensus Rating of “Moderate Buy” from Analysts

Invitation Homes Inc. (NYSE:INVH) has been given an average rating of “Moderate Buy” by the sixteen research firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $38.19.

Several research firms have recently issued reports on INVH. JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, March 7th. BNP Paribas began coverage on shares of Invitation Homes in a report on Monday, January 22nd. They issued an “outperform” rating and a $39.00 target price for the company. Mizuho raised their target price on shares of Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Invitation Homes in a report on Tuesday, January 30th. They issued a “hold” rating and a $35.00 target price for the company. Finally, Jefferies Financial Group upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their price objective for the company from $33.00 to $41.00 in a report on Tuesday, January 2nd.

Insider Buying and Selling at Invitation Homes

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the sale, the chief financial officer now owns 37,037 shares in the company, valued at approximately $1,287,035.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Invitation Homes

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. M&T Bank Corp lifted its stake in Invitation Homes by 1.0% during the third quarter. M&T Bank Corp now owns 73,517 shares of the company’s stock worth $2,330,000 after purchasing an additional 756 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Invitation Homes by 5.3% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 38,918 shares of the company’s stock worth $1,233,000 after buying an additional 1,974 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Invitation Homes during the 3rd quarter worth about $3,481,000. Bank of Nova Scotia raised its holdings in Invitation Homes by 13.4% during the 3rd quarter. Bank of Nova Scotia now owns 54,381 shares of the company’s stock worth $1,723,000 after buying an additional 6,446 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in Invitation Homes by 23.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 82,674 shares of the company’s stock worth $2,620,000 after buying an additional 15,935 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Up 2.0 %

INVH opened at $35.60 on Friday. The company has a market capitalization of $21.79 billion, a PE ratio of 42.38, a PEG ratio of 2.02 and a beta of 0.94. The firm’s 50 day simple moving average is $33.81 and its two-hundred day simple moving average is $33.22. Invitation Homes has a 1-year low of $28.49 and a 1-year high of $36.53. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53.

Invitation Homes (NYSE:INVH) last posted its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. The company had revenue of $624.32 million for the quarter, compared to analysts’ expectations of $623.51 million. As a group, equities analysts forecast that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Wednesday, March 27th. Invitation Homes’s payout ratio is 133.33%.

Invitation Homes Company Profile

Invitation Homes, an S&P 500 company, 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.