Invitation Homes Inc. (NYSE:INVH) Receives $38.29 Consensus PT from Brokerages

Shares of Invitation Homes Inc. (NYSE:INVH - Get Free Report) have earned an average recommendation of "Hold" from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $38.29.

Several research analysts have weighed in on INVH shares. Royal Bank of Canada lowered their price target on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. JMP Securities reiterated a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods cut their target price on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. Finally, Mizuho reduced their target price on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INVH. Paladin Wealth LLC bought a new stake in shares of Invitation Homes in the 3rd quarter valued at $40,000. Headlands Technologies LLC bought a new stake in Invitation Homes in the 2nd quarter valued at about $45,000. Assetmark Inc. raised its stake in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company's stock worth $46,000 after buying an additional 1,232 shares during the period. Brooklyn Investment Group acquired a new stake in Invitation Homes in the third quarter valued at approximately $49,000. Finally, Huntington National Bank increased its holdings in shares of Invitation Homes by 53.2% during the third quarter. Huntington National Bank now owns 2,014 shares of the company's stock valued at $71,000 after acquiring an additional 699 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Up 1.9 %

Shares of NYSE INVH traded up $0.58 during mid-day trading on Thursday, hitting $31.08. The company had a trading volume of 5,424,853 shares, compared to its average volume of 3,282,875. Invitation Homes has a one year low of $30.13 and a one year high of $37.80. The company has a market capitalization of $19.04 billion, a PE ratio of 43.77, a price-to-earnings-growth ratio of 4.44 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 firm has a 50-day simple moving average of $32.75 and a two-hundred day simple moving average of $34.30.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be paid a $0.29 dividend. This is a boost from Invitation Homes's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.73%. Invitation Homes's dividend payout ratio is presently 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.