Invitation Homes Inc. (NYSE:INVH) Receives $37.38 Consensus Price Target from Brokerages

Invitation Homes Inc. (NYSE:INVH - Get Free Report) has been assigned an average recommendation of "Hold" from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $37.38.

Several brokerages recently weighed in on INVH. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and decreased their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Morgan Stanley lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, March 5th. Raymond James dropped their target price on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Jefferies Financial Group cut Invitation Homes from a "buy" rating to a "hold" rating and reduced their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. lifted its position in Invitation Homes by 179.5% during the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after buying an additional 2,344 shares in the last quarter. Capital World Investors acquired a new position in shares of Invitation Homes during the 4th quarter valued at $4,891,000. Charles Schwab Investment Management Inc. increased its holdings in Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after purchasing an additional 31,184 shares in the last quarter. OFI Invest Asset Management purchased a new position in Invitation Homes in the fourth quarter valued at about $595,000. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Invitation Homes by 0.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company's stock worth $178,942,000 after purchasing an additional 44,945 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Stock Performance

INVH traded up $0.25 during trading on Friday, hitting $34.03. 1,988,725 shares of the stock were exchanged, compared to its average volume of 3,352,113. 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 1-year low of $29.37 and a 1-year high of $37.80. The stock has a fifty day moving average price of $33.33 and a two-hundred day moving average price of $32.79. The firm has a market capitalization of $20.86 billion, a P/E ratio of 47.93, a PEG ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. As a group, sell-side analysts predict that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. Invitation Homes's dividend payout ratio is presently 158.90%.

About Invitation Homes

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.