Invitation Home (NYSE:INVH) Price Target Raised to $34.00

Invitation Home (NYSE:INVH) had its price target increased by JPMorgan Chase & Co. from $33.00 to $34.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

INVH has been the topic of several other research reports. Citigroup restated a “buy” rating on shares of Invitation Home in a report on Thursday, August 6th. Mizuho boosted their price objective on shares of Invitation Home from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, June 17th. Keefe, Bruyette & Woods upped their price objective on shares of Invitation Home from $29.00 to $31.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Barclays increased their target price on shares of Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Finally, Oppenheimer raised their target price on Invitation Home from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.53.

Invitation Home Stock Down 2.2%

Shares of NYSE:INVH opened at $29.23 on Tuesday. The stock’s 50-day moving average price is $29.95 and its 200-day moving average price is $28.13. Invitation Home has a 12-month low of $24.25 and a 12-month high of $31.33. The stock has a market capitalization of $17.26 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 4.27 and a beta of 0.83. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44.

Invitation Home (NYSE:INVH) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.17 by $0.34. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The firm had revenue of $747.55 million for the quarter, compared to the consensus estimate of $731.13 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, equities analysts anticipate that Invitation Home will post 1.89 earnings per share for the current year.

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. Invitation Home’s dividend payout ratio (DPR) is presently 110.09%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Invitation Home in the 2nd quarter worth $6,559,000. California State Teachers Retirement System boosted its stake in shares of Invitation Home by 2,442.8% during the 2nd quarter. California State Teachers Retirement System now owns 28,526,729 shares of the company’s stock valued at $944,281,000 after purchasing an additional 27,404,868 shares in the last quarter. Paralel Advisors LLC boosted its stake in shares of Invitation Home by 218.2% during the 2nd quarter. Paralel Advisors LLC now owns 65,628 shares of the company’s stock valued at $1,983,000 after purchasing an additional 45,000 shares in the last quarter. HB Wealth Management LLC purchased a new position in shares of Invitation Home during the second quarter valued at about $519,000. Finally, Saudi Central Bank increased its position in shares of Invitation Home by 75.7% during the second quarter. Saudi Central Bank now owns 37,765 shares of the company’s stock valued at $1,141,000 after buying an additional 16,269 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.