Invitation Homes (NYSE:INVH) Given New $37.00 Price Target at Keefe, Bruyette & Woods

Invitation Homes (NYSE:INVH) had its price target boosted by equities researchers at Keefe, Bruyette & Woods from $36.00 to $37.00 in a report released on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 5.98% from the company’s previous close.

Several other equities research analysts have also commented on INVH. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Raymond James decreased their price target on shares of Invitation Homes from $40.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Barclays restated an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.59.

Invitation Homes Stock Down 0.2 %

Shares of Invitation Homes stock opened at $34.91 on Monday. 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 has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a market cap of $21.40 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. The company’s 50 day moving average is $33.64 and its 200 day moving average is $32.83.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm had revenue of $674.48 million for the quarter, compared to analysts’ expectations of $663.77 million. During the same period in the prior year, the firm earned $0.47 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate that Invitation Homes will post 1.83 EPS for the current year.

Hedge Funds Weigh In On Invitation Homes

Several institutional investors have recently bought and sold shares of INVH. Norges Bank purchased a new stake in shares of Invitation Homes during the 4th quarter valued at about $1,646,794,000. JPMorgan Chase & Co. raised its position in Invitation Homes by 74.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after purchasing an additional 4,661,213 shares during the period. Centersquare Investment Management LLC lifted its stake in shares of Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after purchasing an additional 3,870,432 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Invitation Homes in the 4th quarter worth approximately $67,743,000. Finally, Northern Trust Corp increased its position in shares of Invitation Homes by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company’s stock valued at $218,060,000 after purchasing an additional 1,463,236 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Company Profile

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.