JMP Securities Reiterates "Market Outperform" Rating for Invitation Homes (NYSE:INVH)

Invitation Homes (NYSE:INVH - Get Free Report)'s stock had its "market outperform" rating reissued by analysts at JMP Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $40.00 price target on the stock. JMP Securities' price target suggests a potential upside of 20.55% from the company's current price.

Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods cut their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a research report on Wednesday, November 6th. Bank of America cut Invitation Homes from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. UBS Group upped their price objective on Invitation Homes from $41.00 to $42.00 and gave the company a "buy" rating in a report on Friday, August 16th. Royal Bank of Canada lowered their price objective 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.80.

Invitation Homes Stock Down 0.3 %

INVH traded down $0.11 during trading on Thursday, reaching $33.18. 3,150,775 shares of the stock were exchanged, compared to its average volume of 3,345,430. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The stock's 50 day moving average price is $33.65 and its two-hundred day moving average price is $34.90. Invitation Homes has a twelve month low of $31.01 and a twelve month high of $37.80. The stock has a market cap of $20.33 billion, a P/E ratio of 46.88, a price-to-earnings-growth ratio of 5.09 and a beta of 1.03.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. State Street Corp boosted its holdings in Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company's stock worth $1,270,062,000 after acquiring an additional 298,307 shares in the last quarter. FMR LLC raised its position in shares of Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company's stock worth $663,373,000 after purchasing an additional 753,464 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Invitation Homes by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company's stock worth $567,597,000 after purchasing an additional 128,000 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock valued at $414,264,000 after purchasing an additional 997,353 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Invitation Homes by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company's stock valued at $315,671,000 after purchasing an additional 170,374 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.