Citigroup Cuts Invitation Home (NYSE:INVH) Price Target to $31.00

Invitation Home (NYSE:INVH) had its target price decreased by equities research analysts at Citigroup from $36.50 to $31.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 21.93% from the stock’s current price.

Several other brokerages have also weighed in on INVH. Oppenheimer reduced their price objective on Invitation Home from $38.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday. JPMorgan Chase & Co. lowered their price objective on Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 18th. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Home from $31.00 to $28.00 and set a “market perform” rating for the company in a research note on Wednesday. Wall Street Zen lowered shares of Invitation Home from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Barclays reissued an “overweight” rating and set a $33.00 price objective on shares of Invitation Home in a research note on Tuesday, January 13th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.35.

Invitation Home Stock Performance

NYSE:INVH traded down $0.25 during trading on Wednesday, reaching $25.43. The company’s stock had a trading volume of 2,928,254 shares, compared to its average volume of 7,270,445. Invitation Home has a 12 month low of $25.21 and a 12 month high of $35.80. The firm has a market cap of $15.49 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 2.81 and a beta of 0.83. The firm has a 50 day moving average of $26.92 and a 200-day moving average of $28.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.03 and a current ratio of 0.03.

Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.21). Invitation Home had a return on equity of 6.24% and a net margin of 21.53%.The company had revenue of $685.25 million during the quarter, compared to analysts’ expectations of $683.00 million. During the same period last year, the firm posted $0.47 earnings per share. Invitation Home’s quarterly revenue was up 4.0% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Research analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Invitation Home

Several institutional investors and hedge funds have recently added to or reduced their stakes in INVH. Vanguard Group Inc. boosted its stake in Invitation Home by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company’s stock valued at $3,116,862,000 after purchasing an additional 719,365 shares during the last quarter. Norges Bank bought a new stake in Invitation Home in the 4th quarter worth about $1,438,952,000. State Street Corp lifted its stake in Invitation Home by 1.3% during the 3rd quarter. State Street Corp now owns 36,621,403 shares of the company’s stock valued at $1,084,514,000 after acquiring an additional 462,379 shares during the period. Geode Capital Management LLC lifted its position in Invitation Home by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock valued at $468,997,000 after purchasing an additional 203,474 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Invitation Home by 8.8% in the third quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after purchasing an additional 1,168,113 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.