Invitation Homes (NYSE:INVH) Price Target Increased to $38.00 by Analysts at Evercore ISI

Invitation Homes (NYSE:INVH) had its price target increased by Evercore ISI from $37.00 to $38.00 in a report published on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research analysts also recently commented on the company. Wells Fargo & Company downgraded Invitation Homes from an overweight rating to an equal weight rating and lifted their target price for the stock from $37.00 to $38.00 in a report on Monday, August 26th. The Goldman Sachs Group initiated coverage on Invitation Homes in a report on Wednesday, September 4th. They issued a buy rating and a $46.00 target price on the stock. Barclays decreased their target price on shares of Invitation Homes from $41.00 to $40.00 and set an overweight rating for the company in a research report on Wednesday, May 29th. UBS Group boosted their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a buy rating in a research report on Friday, August 16th. Finally, Scotiabank decreased their price target on Invitation Homes from $38.00 to $37.00 and set a sector perform rating for the company in a report on Tuesday, September 10th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $39.10.

Invitation Homes Price Performance

Shares of INVH opened at $36.77 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The stock has a market cap of $22.52 billion, a PE ratio of 42.26, a PEG ratio of 4.50 and a beta of 1.01. Invitation Homes has a 12-month low of $28.49 and a 12-month high of $37.80. The business has a 50-day simple moving average of $35.79 and a two-hundred day simple moving average of $35.20.

Invitation Homes (NYSE:INVH) last posted its 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). The business had revenue of $653.45 million for the quarter, compared to the consensus estimate of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. Analysts anticipate that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Institutional Investors Weigh In On Invitation Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its holdings in shares of Invitation Homes by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after acquiring an additional 310 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in Invitation Homes by 2.3% in the 1st quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock valued at $495,000 after purchasing an additional 315 shares during the period. Appleton Partners Inc. MA increased its position in shares of Invitation Homes by 0.9% during the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock valued at $1,431,000 after purchasing an additional 365 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Invitation Homes by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock worth $1,444,000 after purchasing an additional 386 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Invitation Homes by 6.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock worth $237,000 after purchasing an additional 409 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Invitation Homes

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.