JPMorgan Chase & Co. Increases Invitation Homes (NYSE:INVH) Price Target to $40.00

Invitation Homes (NYSE:INVH) had its target price raised by JPMorgan Chase & Co. from $36.00 to $40.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 10.77% from the company’s previous close.

Several other brokerages have also commented on INVH. Barclays cut their price target on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Scotiabank cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. 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 report on Friday, August 16th. Evercore ISI cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, September 9th. Finally, Mizuho cut their price target on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.10.

Invitation Homes Price Performance

NYSE:INVH opened at $36.11 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The company has a 50 day moving average price of $35.79 and a 200-day moving average price of $35.21. Invitation Homes has a 1-year low of $28.49 and a 1-year high of $37.80.

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 the consensus estimate of $0.46 by ($0.34). The firm had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. Equities research analysts forecast that Invitation Homes will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System lifted its position in Invitation Homes by 5.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock valued at $23,852,000 after buying an additional 36,951 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in Invitation Homes by 56.4% in the first quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock valued at $6,174,000 after buying an additional 62,547 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Invitation Homes by 14.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock valued at $37,632,000 after buying an additional 131,068 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Invitation Homes in the first quarter valued at about $2,635,000. Finally, Nomura Holdings Inc. acquired a new position in Invitation Homes in the fourth quarter valued at about $3,482,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.