Invitation Homes Inc. (NYSE:INVH) Receives $37.47 Consensus Target Price from Analysts

Shares of Invitation Homes Inc. (NYSE:INVH - Get Free Report) have been given an average recommendation of "Hold" by the seventeen research firms that are currently covering the firm, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $37.47.

A number of analysts recently commented on the company. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Barclays lowered their price target on shares of Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st.

Invitation Homes Trading Up 1.0 %

Shares of NYSE INVH traded up $0.31 during midday trading on Monday, hitting $31.82. The stock had a trading volume of 1,657,703 shares, compared to its average volume of 2,830,766. The firm has a market cap of $19.49 billion, a P/E ratio of 44.81, a price-to-earnings-growth ratio of 4.62 and a beta of 1.04. Invitation Homes has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company's 50-day simple moving average is $31.71 and its 200 day simple moving average is $33.69.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.65%. This is a boost from Invitation Homes's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes's dividend payout ratio is presently 163.38%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its holdings in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after acquiring an additional 329 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of Invitation Homes during the third quarter worth about $40,000. Finally, Allworth Financial LP boosted its position in shares of Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after buying an additional 702 shares during the period. Institutional investors own 96.79% of the company's stock.

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.