Invitation Home (NYSE:INVH) Given New $34.00 Price Target at Morgan Stanley

Invitation Home (NYSE:INVH) had its price target reduced by Morgan Stanley from $35.00 to $34.00 in a research note released on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also weighed in on INVH. Royal Bank Of Canada lowered their target price on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Invitation Home in a report on Wednesday, October 8th. Bank of America cut their price target on Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday. Scotiabank decreased their price target on shares of Invitation Home from $36.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, Oppenheimer set a $38.00 price objective on shares of Invitation Home and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.15.

Invitation Home Stock Performance

Shares of NYSE INVH traded up $0.12 during midday trading on Thursday, reaching $28.38. 3,457,714 shares of the stock were exchanged, compared to its average volume of 4,797,522. The firm has a 50-day simple moving average of $28.83 and a two-hundred day simple moving average of $31.20. Invitation Home has a twelve month low of $27.38 and a twelve month high of $35.80. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 2.92 and a beta of 0.81. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The business had revenue of $688.17 million for the quarter, compared to the consensus estimate of $679.41 million. During the same quarter last year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 25th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, September 25th. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. Invitation Home’s payout ratio is currently 122.11%.

Institutional Investors Weigh In On Invitation Home

Large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Invitation Home during the 2nd quarter worth approximately $30,000. Larson Financial Group LLC grew its stake in shares of Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after acquiring an additional 854 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Invitation Home by 1,695.2% in the third quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock worth $33,000 after purchasing an additional 1,068 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Invitation Home by 59.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after purchasing an additional 466 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Invitation Home in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Company Profile

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.