Analysts Set Invitation Homes Inc. (NYSE:INVH) Price Target at $38.19

Shares of Invitation Homes Inc. (NYSE:INVHGet Free Report) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $38.24.

INVH has been the subject of several research analyst reports. Evercore ISI reaffirmed an “in-line” rating and issued a $36.00 price objective on shares of Invitation Homes in a research note on Monday, March 18th. Raymond James raised their price objective on Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Keefe, Bruyette & Woods increased their target price on Invitation Homes from $37.00 to $38.00 and gave the company a “market perform” rating in a report on Monday, May 13th. Mizuho increased their target price on Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Invitation Homes in a report on Tuesday, January 30th. They set a “hold” rating and a $35.00 target price on the stock.

Get Our Latest Research Report on Invitation Homes

Invitation Homes Stock Performance

Shares of INVH stock opened at $35.45 on Friday. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 2.14 and a beta of 0.95. The stock has a 50 day simple moving average of $34.64 and a 200-day simple moving average of $33.80. Invitation Homes has a 12-month low of $28.49 and a 12-month high of $36.53. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53.

Invitation Homes (NYSE:INVHGet Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. The business had revenue of $624.32 million for the quarter, compared to analysts’ expectations of $623.51 million. On average, equities analysts forecast that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s payout ratio is currently 128.74%.

Insider Activity at Invitation Homes

In related news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Charles D. Young sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Institutional Trading of Invitation Homes

A number of hedge funds and other institutional investors have recently modified their holdings of INVH. Raymond James & Associates increased its position in shares of Invitation Homes by 16.6% during the third quarter. Raymond James & Associates now owns 101,668 shares of the company’s stock worth $3,222,000 after acquiring an additional 14,465 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Invitation Homes by 166.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 130,733 shares of the company’s stock valued at $4,143,000 after buying an additional 81,710 shares during the last quarter. Advisor Partners II LLC increased its holdings in Invitation Homes by 71.7% in the third quarter. Advisor Partners II LLC now owns 23,177 shares of the company’s stock valued at $734,000 after buying an additional 9,680 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Invitation Homes by 2.4% in the third quarter. Park Avenue Securities LLC now owns 17,781 shares of the company’s stock valued at $563,000 after buying an additional 421 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Invitation Homes by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 144,841 shares of the company’s stock valued at $4,590,000 after buying an additional 473 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Company Profile

(Get Free Report

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.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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