Invitation Homes (NYSE:INVH) Lowered to Neutral at Bank of America

Invitation Homes (NYSE:INVH) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, MarketBeat.com reports. They presently have a $37.00 price target on the stock. Bank of America‘s price objective points to a potential upside of 1.37% from the company’s current price.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. upped their price target on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. UBS Group increased 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. Barclays lowered their price objective on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. Mizuho cut their target price on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, June 3rd. Finally, Wells Fargo & Company lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Invitation Homes Price Performance

INVH stock opened at $36.50 on Tuesday. The firm has a 50-day moving average of $35.84 and a two-hundred day moving average of $35.25. The firm has a market capitalization of $22.36 billion, a PE ratio of 41.95, a P/E/G ratio of 4.50 and a beta of 1.01. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes has a one year low of $28.49 and a one year high of $37.80.

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

Institutional Investors Weigh In On Invitation Homes

A number of hedge funds have recently bought and sold shares of INVH. Cohen & Steers Inc. lifted its position in shares of Invitation Homes by 1.3% during the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after purchasing an additional 1,008,392 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Invitation Homes by 0.8% in the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock valued at $567,597,000 after acquiring an additional 128,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after acquiring an additional 170,374 shares during the last quarter. Centersquare Investment Management LLC increased its position in Invitation Homes by 4.7% during the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after acquiring an additional 384,564 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Invitation Homes by 66.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after purchasing an additional 2,169,522 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.