Invitation Homes Inc. (NYSE:INVH) Receives $38.90 Average Price Target from Brokerages

Invitation Homes Inc. (NYSE:INVH - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $38.90.

A number of equities research analysts recently commented on INVH shares. JPMorgan Chase & Co. increased their price target on Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Bank of America lowered shares of Invitation Homes from a "buy" rating to a "neutral" rating and dropped their price target for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Evercore ISI upped their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Wells Fargo & Company lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Finally, The Goldman Sachs Group initiated coverage on Invitation Homes in a research note on Wednesday, September 4th. They issued a "buy" rating and a $46.00 target price on the stock.

Hedge Funds Weigh In On Invitation Homes

A number of large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board grew its stake in Invitation Homes by 0.8% during the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company's stock valued at $567,597,000 after acquiring an additional 128,000 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Invitation Homes by 4.7% in the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company's stock worth $292,485,000 after purchasing an additional 384,564 shares during the period. PGGM Investments raised its position in shares of Invitation Homes by 4.9% in the first quarter. PGGM Investments now owns 4,965,248 shares of the company's stock worth $176,812,000 after buying an additional 232,012 shares in the last quarter. Finally, Boston Partners boosted its stake in Invitation Homes by 4.3% during the first quarter. Boston Partners now owns 3,218,905 shares of the company's stock valued at $114,617,000 after buying an additional 132,381 shares during the period. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Down 0.0 %

INVH traded down $0.01 during midday trading on Friday, reaching $31.40. 3,993,091 shares of the company were exchanged, compared to its average volume of 3,363,710. The company has a market cap of $19.24 billion, a price-to-earnings ratio of 44.23, a price-to-earnings-growth ratio of 4.71 and a beta of 1.01. Invitation Homes has a one year low of $30.20 and a one year high of $37.80. The company's fifty day moving average price is $34.99 and its 200 day moving average price is $35.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Thursday, September 26th. Invitation Homes's payout ratio is currently 157.75%.

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.