Invitation Homes (NYSE:INVH) Price Target Lowered to $36.00 at Barclays

Invitation Homes (NYSE:INVH - Get Free Report) had its price target lowered by investment analysts at Barclays from $38.00 to $36.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 17.82% from the company's previous close.

INVH has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the stock from $41.00 to $33.00 in a report on Tuesday. JMP Securities reiterated a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $39.00 to $35.00 in a research report on Friday. Royal Bank of Canada cut their price target on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, November 1st. Finally, Mizuho decreased their price objective on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $37.47.

Invitation Homes Price Performance

Shares of INVH stock traded up $0.04 on Friday, hitting $30.56. 1,474,760 shares of the company's stock were exchanged, compared to its average volume of 3,160,163. Invitation Homes has a 12 month low of $30.13 and a 12 month 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 has a 50 day moving average of $32.55 and a 200 day moving average of $34.15. The stock has a market cap of $18.72 billion, a P/E ratio of 43.04, a price-to-earnings-growth ratio of 4.51 and a beta of 1.04.

Hedge Funds Weigh In On Invitation Homes

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company's stock valued at $1,270,062,000 after purchasing an additional 298,307 shares during the last quarter. FMR LLC grew its position in 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 in the last quarter. Daiwa Securities Group Inc. increased its stake in Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock valued at $414,264,000 after buying an additional 997,353 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Invitation Homes by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company's stock worth $231,562,000 after buying an additional 248,701 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock worth $221,709,000 after buying an additional 1,089,281 shares in the last quarter. Institutional investors and hedge funds 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.