Invitation Homes Inc. (NYSE:INVH) Receives $38.80 Consensus PT from Analysts

Invitation Homes Inc. (NYSE:INVH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty analysts that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $38.80.

INVH has been the topic of several recent research reports. Scotiabank lowered their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a research note on Tuesday, September 10th. UBS Group raised their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Evercore ISI raised their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. JPMorgan Chase & Co. raised their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada decreased their target price on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. boosted its stake in Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company's stock worth $28,000 after buying an additional 641 shares during the period. Paladin Wealth LLC purchased a new position in Invitation Homes during the third quarter worth $40,000. Family Firm Inc. purchased a new position in Invitation Homes during the second quarter worth $42,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Invitation Homes during the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes in the 2nd quarter valued at $45,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $34.16 on Wednesday. The firm's 50 day moving average price is $34.04 and its 200-day moving average price is $35.00. Invitation Homes has a twelve month low of $31.01 and a twelve month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $20.93 billion, a PE ratio of 48.11, a price-to-earnings-growth ratio of 5.15 and a beta of 1.02.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Thursday, September 26th. Invitation Homes's dividend payout ratio (DPR) is presently 157.75%.

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.