Invitation Homes (NYSE:INVH) Price Target Cut to $40.00

Invitation Homes (NYSE:INVHGet Free Report) had its price target dropped by analysts at Barclays from $41.00 to $40.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 17.54% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Evercore ISI reissued an “in-line” rating and issued a $36.00 target price on shares of Invitation Homes in a report on Monday, March 18th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Invitation Homes in a research report on Thursday, February 15th. Raymond James lifted their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods upped their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the stock a “market perform” rating in a research note on Monday, May 13th. Finally, Scotiabank raised their price target on shares of Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.18.

Read Our Latest Analysis on INVH

Invitation Homes Trading Up 0.7 %

Shares of NYSE INVH opened at $34.03 on Wednesday. Invitation Homes has a 1 year low of $28.49 and a 1 year high of $36.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a 50-day moving average of $34.59 and a 200 day moving average of $34.02. The stock has a market cap of $20.84 billion, a P/E ratio of 38.83, a price-to-earnings-growth ratio of 2.08 and a beta of 0.95.

Invitation Homes (NYSE:INVHGet Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. The business had revenue of $646.04 million for the quarter, compared to the consensus estimate of $630.97 million. As a group, sell-side analysts expect that Invitation Homes will post 1.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Cohen Jana Barbe sold 7,200 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the sale, the director now owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at approximately $1,287,035.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the sale, the director now directly owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,200 shares of company stock valued at $770,726. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in INVH. BOK Financial Private Wealth Inc. purchased a new stake in Invitation Homes in the 1st quarter worth approximately $26,000. Creekmur Asset Management LLC bought a new position in shares of Invitation Homes in the fourth quarter worth approximately $46,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Invitation Homes by 96.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after purchasing an additional 1,061 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Invitation Homes during the 1st quarter valued at $75,000. Finally, GAMMA Investing LLC purchased a new position in shares of Invitation Homes during the 4th quarter valued at $79,000. Institutional investors own 96.79% of the company’s stock.

About Invitation Homes

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Invitation Homes (NYSE:INVH)

Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.