Invitation Homes (NYSE:INVH) Rating Lowered to “Equal Weight” at Morgan Stanley

Morgan Stanley downgraded shares of Invitation Homes (NYSE:INVHFree Report) from an overweight rating to an equal weight rating in a research report released on Friday morning, MarketBeat Ratings reports. They currently have $35.00 price objective on the stock, down from their prior price objective of $39.00.

Several other equities research analysts have also recently weighed in on INVH. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada decreased their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Finally, Barclays began coverage on shares of Invitation Homes in a research note on Tuesday, December 17th. They set an “overweight” rating and a $38.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $37.47.

Check Out Our Latest Stock Analysis on INVH

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $30.54 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The firm has a market capitalization of $18.71 billion, a P/E ratio of 43.02, a P/E/G ratio of 4.51 and a beta of 1.04. The company’s 50 day moving average price is $32.42 and its two-hundred day moving average price is $34.06.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.80%. Invitation Homes’s dividend payout ratio is 163.38%.

Hedge Funds Weigh In On Invitation Homes

A number of large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its stake in Invitation Homes by 16.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,558 shares of the company’s stock worth $128,000 after purchasing an additional 494 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Invitation Homes by 4.7% in the second quarter. Pacer Advisors Inc. now owns 40,784 shares of the company’s stock worth $1,464,000 after purchasing an additional 1,841 shares during the period. Public Sector Pension Investment Board raised its position in shares of Invitation Homes by 17.9% in the second quarter. Public Sector Pension Investment Board now owns 78,896 shares of the company’s stock worth $2,832,000 after buying an additional 11,966 shares in the last quarter. Bank of Montreal Can boosted its stake in Invitation Homes by 18.0% during the second quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock valued at $19,566,000 after buying an additional 83,142 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Invitation Homes by 60.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,201 shares of the company’s stock worth $4,206,000 after buying an additional 44,138 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

About Invitation Homes

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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.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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