Analysts Set Invitation Homes Inc. (NYSE:INVH) Target Price at $37.47

Invitation Homes Inc. (NYSE:INVH - Get Free Report) has been given an average rating of "Hold" by the seventeen research firms that are currently covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $37.47.

INVH has been the subject of a number of recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays lowered their target price on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Royal Bank of Canada reduced their price target on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. Finally, Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th.

Institutional Trading of Invitation Homes

Several hedge funds have recently made changes to their positions in the stock. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of Invitation Homes by 7.4% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 8,608 shares of the company's stock worth $275,000 after purchasing an additional 595 shares during the last quarter. DoubleLine ETF Adviser LP increased its position in Invitation Homes by 1.2% in the 4th quarter. DoubleLine ETF Adviser LP now owns 41,021 shares of the company's stock valued at $1,311,000 after acquiring an additional 473 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Invitation Homes by 107.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,942 shares of the company's stock valued at $925,000 after acquiring an additional 14,979 shares during the period. Adelante Capital Management LLC increased its position in Invitation Homes by 3.9% in the 4th quarter. Adelante Capital Management LLC now owns 718,041 shares of the company's stock valued at $22,955,000 after acquiring an additional 27,133 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its position in Invitation Homes by 693.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 691,792 shares of the company's stock valued at $22,117,000 after acquiring an additional 604,588 shares during the period. Institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Down 1.2 %

NYSE:INVH traded down $0.39 on Monday, hitting $31.44. 2,332,363 shares of the stock were exchanged, compared to its average volume of 2,962,783. The stock has a market cap of $19.26 billion, a PE ratio of 44.29, a PEG ratio of 4.62 and a beta of 1.04. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average of $31.63 and a 200-day moving average of $33.64. Invitation Homes has a fifty-two week low of $30.13 and a fifty-two week high of $37.80.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a $0.29 dividend. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.69%. Invitation Homes's dividend payout ratio (DPR) is 163.38%.

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.