Scotiabank Cuts Invitation Home (NYSE:INVH) Price Target to $27.00

Invitation Home (NYSE:INVH) had its price target trimmed by Scotiabank from $28.00 to $27.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a sector perform rating on the stock.

Other analysts also recently issued research reports about the stock. Morgan Stanley cut their price target on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Citizens Jmp cut their target price on Invitation Home from $40.00 to $35.00 and set a “market outperform” rating for the company in a research note on Friday, February 20th. Keefe, Bruyette & Woods reduced their target price on Invitation Home from $31.00 to $28.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Invitation Home in a research note on Monday, December 29th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Invitation Home in a report on Friday, February 27th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Invitation Home Stock Down 0.8%

NYSE INVH opened at $26.21 on Wednesday. The business’s fifty day simple moving average is $26.76 and its 200-day simple moving average is $27.99. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.44. The firm has a market cap of $15.97 billion, a PE ratio of 27.30, a P/E/G ratio of 2.84 and a beta of 0.83. Invitation Home has a 52 week low of $25.21 and a 52 week high of $35.80.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.21). Invitation Home had a net margin of 21.53% and a return on equity of 6.24%. The firm had revenue of $685.25 million during the quarter, compared to analysts’ expectations of $683.00 million. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Tuesday, December 23rd were issued a $0.30 dividend. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 23rd. This represents a $1.20 annualized dividend and a yield of 4.6%. Invitation Home’s payout ratio is 125.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Invitation Home during the 4th quarter worth about $1,438,952,000. UBS Group AG grew its position in Invitation Home by 101.4% in the 3rd quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock valued at $145,966,000 after acquiring an additional 2,505,909 shares in the last quarter. Amundi increased its stake in Invitation Home by 169.0% during the third quarter. Amundi now owns 3,296,876 shares of the company’s stock worth $93,038,000 after purchasing an additional 2,071,407 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Invitation Home by 79.6% during the fourth quarter. BNP Paribas Financial Markets now owns 4,524,553 shares of the company’s stock worth $125,737,000 after purchasing an additional 2,004,728 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Invitation Home by 53.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,377,502 shares of the company’s stock worth $149,441,000 after purchasing an additional 1,884,188 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Home Company Profile

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.