Invitation Homes Inc. (NYSE:INVH) Receives $39.05 Average PT from Analysts

Shares of Invitation Homes Inc. (NYSE:INVH - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $39.05.

A number of research firms have weighed in on INVH. Wells Fargo & Company cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and boosted their price objective for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Bank of America downgraded shares of Invitation Homes from a "buy" rating to a "neutral" rating and decreased their price target for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a "hold" rating to a "buy" rating and raised their price objective for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. The Goldman Sachs Group initiated coverage on Invitation Homes in a report on Wednesday, September 4th. They issued a "buy" rating and a $46.00 target price for the company. Finally, Scotiabank cut 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.

Institutional Investors Weigh In On Invitation Homes

A number of large investors have recently made changes to their positions in INVH. BOK Financial Private Wealth Inc. purchased a new position in Invitation Homes during the first quarter worth about $26,000. UMB Bank n.a. raised its position in Invitation Homes by 496.9% in the second 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. Family Firm Inc. acquired a new stake in shares of Invitation Homes during the 2nd quarter worth about $42,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Invitation Homes in the 2nd quarter valued at approximately $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Invitation Homes during the 2nd quarter worth approximately $45,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $34.00 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market cap of $20.83 billion, a price-to-earnings ratio of 39.08, a P/E/G ratio of 4.56 and a beta of 1.01. The firm has a fifty day moving average price of $35.73 and a 200 day moving average price of $35.24. Invitation Homes has a fifty-two week low of $28.49 and a fifty-two week high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). The firm had revenue of $653.45 million during the quarter, compared to the consensus estimate of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. As a group, sell-side analysts expect that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.29%. Invitation Homes's dividend payout ratio is presently 128.74%.

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.