Invitation Homes (NYSE:INVH) Earns Overweight Rating from Analysts at Barclays

Barclays assumed coverage on shares of Invitation Homes (NYSE:INVH - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $38.00 target price on the stock.

INVH has been the subject of a number of other reports. Royal Bank of Canada lowered their target price on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. 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. Evercore ISI raised their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Wells Fargo & Company lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and upped their price objective for the company from $37.00 to $38.00 in a report on Monday, August 26th. Finally, Scotiabank dropped their price target on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a research note on Tuesday, September 10th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Invitation Homes presently has an average rating of "Moderate Buy" and an average price target of $38.70.

Invitation Homes Trading Down 2.2 %

INVH traded down $0.73 during trading on Tuesday, reaching $32.40. 3,193,537 shares of the company's stock were exchanged, compared to its average volume of 3,332,305. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes has a one year low of $31.01 and a one year high of $37.80. The firm has a fifty day moving average price of $33.58 and a two-hundred day moving average price of $34.89. The stock has a market capitalization of $19.85 billion, a PE ratio of 45.83, a price-to-earnings-growth ratio of 5.06 and a beta of 1.03.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Thursday, December 26th. This is a boost from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's dividend payout ratio is currently 163.38%.

Institutional Investors Weigh In On Invitation Homes

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company's stock valued at $28,000 after purchasing an additional 641 shares during the period. Paladin Wealth LLC bought a new stake in Invitation Homes during the third quarter valued at $40,000. Family Firm Inc. purchased a new position in Invitation Homes during the second quarter worth about $42,000. Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes in the 2nd quarter worth about $44,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Invitation Homes in the 2nd quarter valued at about $45,000. 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.