Invitation Homes (NYSE:INVH) Hits New 52-Week Low - Here's What Happened

Shares of Invitation Homes Inc. (NYSE:INVH - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $30.10 and last traded at $30.48, with a volume of 3525794 shares. The stock had previously closed at $31.44.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Raymond James dropped their price objective on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Friday. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods upped their target price on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Invitation Homes has a consensus rating of "Hold" and a consensus price target of $37.38.

Invitation Homes Stock Up 1.4 %

The firm's 50 day moving average is $32.90 and its 200-day moving average is $32.83. The firm has a market cap of $19.67 billion, a PE ratio of 45.20, a P/E/G ratio of 4.70 and a beta of 0.86. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting analysts' consensus estimates of $0.47. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. As a group, equities research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared 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 3.61%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. HighTower Advisors LLC raised its stake in Invitation Homes by 696.9% during the third 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 during the period. Stifel Financial Corp increased its holdings in shares of Invitation Homes by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 68,472 shares of the company's stock worth $2,414,000 after buying an additional 5,165 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Invitation Homes by 5.9% in the 3rd quarter. Wellington Management Group LLP now owns 51,908 shares of the company's stock worth $1,830,000 after buying an additional 2,877 shares during the period. XTX Topco Ltd acquired a new position in Invitation Homes in the third quarter valued at $219,000. Finally, Orion Portfolio Solutions LLC acquired a new position in Invitation Homes in the third quarter valued at $263,000. 96.79% of the stock is currently owned by hedge funds and other 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.