Invitation Homes Inc. (NYSE:INVH) Receives $37.47 Average Price Target from Brokerages

Shares of Invitation Homes Inc. (NYSE:INVH - Get Free Report) have been assigned a consensus rating of "Hold" from the fifteen analysts that are covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $37.47.

A number of equities research analysts recently commented on INVH shares. Morgan Stanley lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded 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 report on Tuesday, January 21st. Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and lowered their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods raised their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 5th. Finally, JMP Securities reissued a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th.

Invitation Homes Price Performance

Shares of INVH stock traded down $0.64 during trading hours on Tuesday, hitting $33.99. 2,765,039 shares of the company's stock were exchanged, compared to its average volume of 3,286,604. Invitation Homes has a 12-month low of $30.13 and a 12-month high of $37.80. The company has a market capitalization of $20.82 billion, a PE ratio of 47.87, a PEG ratio of 4.70 and a beta of 0.86. The business's 50 day simple moving average is $32.73 and its 200-day simple moving average is $33.09. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

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Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, equities research analysts anticipate that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.41%. The ex-dividend date is Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

Hedge Funds Weigh In On Invitation Homes

Several large investors have recently modified their holdings of the stock. Assetmark Inc. raised its holdings in Invitation Homes by 179.5% in the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after buying an additional 2,344 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in Invitation Homes in the 3rd quarter worth approximately $263,000. Charles Schwab Investment Management Inc. lifted its position 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 acquiring an additional 31,184 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock worth $2,508,000 after purchasing an additional 61,973 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Invitation Homes in the fourth quarter worth $595,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

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.