Invitation Homes Inc. (NYSE:INVH) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Invitation Homes Inc. (NYSE:INVH) have been assigned an average recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $38.85.

A number of research analysts have weighed in on INVH shares. Royal Bank of Canada cut shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $37.00 to $36.00 in a research report on Monday. Evercore ISI dropped their target price on shares of Invitation Homes from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday. The Goldman Sachs Group started coverage on Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Finally, UBS Group boosted their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th.

Institutional Trading of Invitation Homes

Several institutional investors and hedge funds have recently bought and sold shares of INVH. BOK Financial Private Wealth Inc. bought a new position in Invitation Homes in the 1st quarter valued at about $26,000. UMB Bank n.a. boosted its stake in Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after purchasing an additional 641 shares during the period. Family Firm Inc. acquired a new position in Invitation Homes in the 2nd quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes during the 2nd quarter worth $44,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Invitation Homes during the second quarter worth $45,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of INVH opened at $36.28 on Friday. The stock has a market cap of $22.22 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 4.49 and a beta of 1.01. Invitation Homes has a 1-year low of $28.49 and a 1-year high of $37.80. The firm has a fifty day moving average price of $35.75 and a 200 day moving average price of $35.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The business had revenue of $653.45 million during the quarter, compared to analysts’ expectations of $654.70 million. As a group, sell-side analysts anticipate that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.