Invitation Homes Inc. (NYSE:INVH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Invitation Homes Inc. (NYSE:INVH) have earned a consensus recommendation of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat Ratings 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 covered the stock in the last year is $38.80.

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price objective on 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. Evercore ISI upped their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Scotiabank cut their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Royal Bank of Canada lowered their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group started coverage on Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective for the company.

Invitation Homes Stock Down 1.0 %

Shares of INVH stock opened at $34.25 on Wednesday. Invitation Homes has a 12 month low of $31.01 and a 12 month high of $37.80. The firm has a market cap of $20.98 billion, a PE ratio of 48.24, a price-to-earnings-growth ratio of 5.21 and a beta of 1.02. The stock has a 50 day moving average of $33.91 and a 200-day moving average of $34.98. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.27%. Invitation Homes’s payout ratio is currently 157.75%.

Institutional Trading of Invitation Homes

Several hedge funds have recently added to or reduced their stakes in INVH. State Street Corp lifted its position in shares of Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after acquiring an additional 298,307 shares during the period. FMR LLC increased its stake in shares of Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after buying an additional 753,464 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Invitation Homes by 0.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock valued at $567,597,000 after purchasing an additional 128,000 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after purchasing an additional 997,353 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

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.