Invitation Homes Inc. (NYSE:INVH) Receives $38.90 Average PT from Analysts

Invitation Homes Inc. (NYSE:INVH) has been given an average rating of “Moderate Buy” by the twenty research firms that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $38.80.

A number of equities analysts have issued reports on INVH shares. Evercore ISI lifted their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Mizuho lowered their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. The Goldman Sachs Group started coverage on Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $37.00 to $38.00 in a research report on Monday, August 26th.

Invitation Homes Stock Performance

NYSE:INVH opened at $33.36 on Friday. The firm’s fifty day simple moving average is $34.77 and its 200-day simple moving average is $35.06. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.44 billion, a PE ratio of 46.99, a price-to-earnings-growth ratio of 4.50 and a beta of 1.02. Invitation Homes has a fifty-two week low of $31.01 and a fifty-two week high of $37.80.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s payout ratio is presently 157.75%.

Institutional Investors Weigh In On Invitation Homes

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its stake 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 in the last quarter. Illinois Municipal Retirement Fund increased its position in Invitation Homes by 56.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock worth $6,174,000 after purchasing an additional 62,547 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Invitation Homes by 14.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock valued at $37,632,000 after purchasing an additional 131,068 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Invitation Homes in the first quarter valued at approximately $2,635,000. Finally, National Bank of Canada FI grew its stake in shares of Invitation Homes by 321.5% during the first quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock worth $19,686,000 after buying an additional 431,735 shares during the last quarter. 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.