Invitation Homes (NYSE:INVH) Downgraded by Wells Fargo & Company to “Equal Weight”

Wells Fargo & Company downgraded shares of Invitation Homes (NYSE:INVH) from an overweight rating to an equal weight rating in a research report report published on Monday morning, Marketbeat reports. Wells Fargo & Company currently has $38.00 price target on the stock, up from their prior price target of $37.00.

INVH has been the topic of several other research reports. Evercore ISI raised shares of Invitation Homes from an in-line rating to an outperform rating and set a $37.00 price target on the stock in a research report on Friday, July 26th. Mizuho decreased their target price on Invitation Homes from $37.00 to $36.00 and set a neutral rating for the company in a research report on Monday, June 3rd. Barclays lowered their price target on Invitation Homes from $41.00 to $40.00 and set an overweight rating for the company in a report on Wednesday, May 29th. UBS Group raised their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a buy rating in a research note on Friday, August 16th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Invitation Homes from $38.00 to $37.00 and set a market perform rating for the company in a research note on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $38.58.

Invitation Homes Trading Down 0.9 %

NYSE:INVH opened at $35.83 on Monday. The stock has a market cap of $21.95 billion, a price-to-earnings ratio of 41.18, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. Invitation Homes has a one year low of $28.49 and a one year high of $36.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. The business’s 50-day simple moving average is $35.55 and its 200 day simple moving average is $34.83.

Invitation Homes (NYSE:INVH) last released its 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). The business 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%. As a group, sell-side analysts predict that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were paid a $0.28 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.13%. Invitation Homes’s payout ratio is 128.74%.

Institutional Investors Weigh In On Invitation Homes

Several institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Invitation Homes by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,067,188 shares of the company’s stock worth $206,952,000 after buying an additional 144,897 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Invitation Homes by 5.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock worth $23,852,000 after purchasing an additional 36,951 shares in 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 worth $6,174,000 after purchasing an additional 62,547 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Invitation Homes by 14.2% during 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Invitation Homes during the 1st quarter valued at $2,635,000. 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.