Invitation Homes Inc. (NYSE:INVH) Receives $38.70 Consensus PT from Brokerages

Invitation Homes Inc. (NYSE:INVH) has been given an average rating of “Moderate Buy” by the twenty research firms that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $38.70.

Several research firms have recently commented on INVH. Royal Bank of Canada reduced their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Evercore ISI upped their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th. The Goldman Sachs Group started coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective for the company. Finally, 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.

Institutional Investors Weigh In On Invitation Homes

A number of institutional investors have recently added to or reduced their stakes in INVH. UMB Bank n.a. boosted its holdings in Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after acquiring an additional 641 shares during the last quarter. Paladin Wealth LLC bought a new position in Invitation Homes during the third quarter worth $40,000. Family Firm Inc. acquired a new position in Invitation Homes in the second quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new stake in Invitation Homes during the second quarter valued at $44,000. Finally, Headlands Technologies LLC acquired a new stake in Invitation Homes during the 2nd quarter worth about $45,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Trading Up 1.2 %

NYSE INVH opened at $32.62 on Friday. The firm has a market capitalization of $19.98 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 5.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes has a one year low of $31.01 and a one year high of $37.80. The company’s 50 day moving average price is $33.43 and its 200 day moving average price is $34.79.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.56%. Invitation Homes’s dividend payout ratio is presently 163.38%.

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.