Invitation Homes Inc. (NYSE:INVH) Given Average Rating of “Moderate Buy” by Analysts

Shares of Invitation Homes Inc. (NYSE:INVHGet Rating) have earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $44.50.

INVH has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on shares of Invitation Homes from $40.50 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, August 25th. KeyCorp reduced their price target on shares of Invitation Homes from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 28th. Evercore ISI set a $42.00 price target on shares of Invitation Homes in a research note on Monday, June 20th. Raymond James reiterated a “strong-buy” rating and set a $44.00 target price (down from $48.00) on shares of Invitation Homes in a research report on Thursday, June 23rd. Finally, Credit Suisse Group cut their target price on shares of Invitation Homes from $47.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 22nd.

Invitation Homes Trading Down 0.9 %

Shares of Invitation Homes stock opened at $36.86 on Monday. The company has a market capitalization of $22.50 billion, a price-to-earnings ratio of 64.67, a PEG ratio of 3.30 and a beta of 0.90. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.53. Invitation Homes has a 12-month low of $33.15 and a 12-month high of $45.80. The firm’s 50-day moving average price is $37.60 and its two-hundred day moving average price is $38.13.

Invitation Homes (NYSE:INVHGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). Invitation Homes had a net margin of 16.37% and a return on equity of 3.66%. The company had revenue of $557.30 million during the quarter, compared to analyst estimates of $548.52 million. On average, analysts forecast that Invitation Homes will post 1.65 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Tuesday, August 9th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, August 8th. This represents a $0.88 annualized dividend and a yield of 2.39%. Invitation Homes’s payout ratio is 154.39%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Venture Visionary Partners LLC bought a new stake in shares of Invitation Homes in the 2nd quarter valued at $25,000. Loomis Sayles & Co. L P bought a new stake in shares of Invitation Homes in the 4th quarter valued at $27,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Invitation Homes by 526.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 664 shares of the company’s stock valued at $27,000 after acquiring an additional 558 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Invitation Homes in the 1st quarter valued at $30,000. Finally, Anson Funds Management LP bought a new stake in shares of Invitation Homes in the 1st quarter valued at $42,000. Institutional investors own 95.52% of the company’s stock.

About Invitation Homes

(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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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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