Invitation Home (NYSE:INVH) Upgraded at Mizuho

Mizuho upgraded shares of Invitation Home (NYSE:INVH) from a neutral rating to an outperform rating in a report released on Monday morning, Marketbeat Ratings reports. They currently have $32.00 target price on the stock, up from their previous target price of $31.00.

Several other analysts also recently commented on INVH. BMO Capital Markets lifted their target price on Invitation Home from $32.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, June 15th. Barclays increased their price target on Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. raised their price target on Invitation Home from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Invitation Home in a report on Thursday, August 27th. Finally, Cfra lowered Invitation Home from a “hold” rating to a “sell” rating and decreased their price objective for the company from $29.00 to $27.00 in a research report on Wednesday, May 27th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Invitation Home currently has an average rating of “Hold” and an average target price of $32.45.

Invitation Home Stock Down 0.8%

Shares of NYSE:INVH opened at $26.93 on Monday. The company has a 50 day moving average price of $29.22 and a two-hundred day moving average price of $28.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market capitalization of $15.90 billion, a PE ratio of 24.70, a PEG ratio of 3.86 and a beta of 0.83. Invitation Home has a 52 week low of $24.25 and a 52 week high of $30.89.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The company had revenue of $747.55 million for the quarter, compared to analysts’ expectations of $731.13 million. During the same period last year, the firm posted $0.48 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Analysts forecast that Invitation Home will post 1.9 earnings per share for the current year.

Invitation Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, September 24th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, September 24th. Invitation Home’s payout ratio is currently 110.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Jupiter Topco LLC acquired a new position in Invitation Home during the second quarter valued at approximately $4,243,000. Paralel Advisors LLC increased its position 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 worth $1,983,000 after purchasing an additional 45,000 shares during the last quarter. Legal & General Group Plc increased its position in shares of Invitation Home by 6.6% during the 4th quarter. Legal & General Group Plc now owns 5,735,955 shares of the company’s stock worth $159,402,000 after purchasing an additional 355,825 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Invitation Home during the 2nd quarter worth approximately $1,866,973,000. Finally, Bank of America Corp DE raised its stake in shares of Invitation Home by 4.6% during the 1st quarter. Bank of America Corp DE now owns 2,956,870 shares of the company’s stock worth $73,478,000 after purchasing an additional 129,202 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Home Company Profile

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.