Wells Fargo & Company Lowers Invitation Home (NYSE:INVH) Price Target to $28.00

Invitation Home (NYSE:INVH) had its target price cut by Wells Fargo & Company from $31.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 6.83% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada reduced their price objective on shares of Invitation Home from $30.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. Keefe, Bruyette & Woods dropped their price target on shares of 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. JPMorgan Chase & Co. cut their price target on Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Barclays reissued an “overweight” rating and set a $33.00 price objective on shares of Invitation Home in a report on Tuesday, January 13th. Finally, Citizens Jmp lowered their price objective 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. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Invitation Home Trading Down 0.8%

Shares of Invitation Home stock opened at $26.21 on Thursday. The stock has a market capitalization of $15.97 billion, a PE ratio of 27.30, a price-to-earnings-growth 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. The stock has a 50 day moving average price of $26.76 and a two-hundred day moving average price of $27.99. 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 earnings results 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). The firm had revenue of $685.25 million during the quarter, compared to the consensus estimate of $683.00 million. Invitation Home had a return on equity of 6.24% and a net margin of 21.53%.Invitation Home’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. 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 fiscal year.

Institutional Investors Weigh In On Invitation Home

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Invitation Home during the 4th quarter worth approximately $1,438,952,000. UBS Group AG grew its holdings in shares of Invitation Home by 101.4% in the third 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 position in shares of Invitation Home by 169.0% during the third quarter. Amundi now owns 3,296,876 shares of the company’s stock valued at $93,038,000 after acquiring an additional 2,071,407 shares during the last quarter. BNP Paribas Financial Markets increased 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 valued at $125,737,000 after acquiring an additional 2,004,728 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in 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 acquiring an additional 1,884,188 shares during the period. 96.79% of the stock is owned by 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.