Several other equities research analysts have also issued reports on the stock. Morgan Stanley lowered their target price on shares of Invitation Homes from $44.50 to $42.50 and set an overweight rating for the company in a report on Friday, May 27th. Jefferies Financial Group started coverage on shares of Invitation Homes in a report on Wednesday, April 20th. They set a buy rating and a $48.00 price objective for the company. Evercore ISI set a $42.00 price objective on shares of Invitation Homes in a report on Monday. Mizuho decreased their price objective on shares of Invitation Homes from $48.00 to $45.00 and set a buy rating for the company in a report on Wednesday, March 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Invitation Homes from $52.00 to $51.00 and set a buy rating for the company in a report on Thursday, March 24th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $46.17.
Invitation Homes stock opened at $34.05 on Wednesday. The firm has a 50-day moving average price of $37.92 and a 200-day moving average price of $40.25. The firm has a market capitalization of $20.78 billion, a PE ratio of 68.10, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.60. Invitation Homes has a 12-month low of $33.15 and a 12-month high of $45.80.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Tuesday, May 10th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Monday, May 9th. Invitation Homes’s payout ratio is currently 176.00%.
Institutional investors have recently modified their holdings of the company. Appleton Partners Inc. MA grew its position in shares of Invitation Homes by 7.5% in the 1st quarter. Appleton Partners Inc. MA now owns 15,210 shares of the company’s stock worth $611,000 after buying an additional 1,055 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Invitation Homes by 40.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,042 shares of the company’s stock worth $365,000 after purchasing an additional 2,313 shares during the last quarter. OPSEU Pension Plan Trust Fund grew its position in Invitation Homes by 2.3% during the 4th quarter. OPSEU Pension Plan Trust Fund now owns 29,804 shares of the company’s stock worth $1,356,000 after purchasing an additional 660 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Invitation Homes by 8.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 621,994 shares of the company’s stock worth $28,201,000 after purchasing an additional 49,997 shares during the last quarter. Finally, Gillson Capital LP purchased a new stake in Invitation Homes during the 4th quarter worth approximately $11,180,000.
Invitation Homes Company Profile (Get Rating)
Invitation Homes is the nation's premier single-family home leasing 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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