Royal Bank of Canada Has Lowered Expectations for Invitation Homes (NYSE:INVH) Stock Price

Invitation Homes (NYSE:INVH - Free Report) had its price objective decreased by Royal Bank of Canada from $36.00 to $34.00 in a research note issued to investors on Friday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other research analysts have also issued reports on the company. Evercore ISI increased their price target on Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Bank of America cut Invitation Homes from a "buy" rating to a "neutral" rating and cut their target price for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Keefe, Bruyette & Woods cut their target price on Invitation Homes from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group began coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a "buy" rating and a $46.00 target price on the stock. Finally, Mizuho cut their target price on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $38.90.

Invitation Homes Trading Down 0.0 %

NYSE INVH traded down $0.01 during trading hours on Friday, hitting $31.40. 3,968,284 shares of the company's stock were exchanged, compared to its average volume of 3,363,710. The stock has a 50-day simple moving average of $35.09 and a 200 day simple moving average of $35.08. Invitation Homes has a 1-year low of $30.20 and a 1-year high of $37.80. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 4.71 and a beta of 1.01. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54.

Invitation Homes Announces Dividend

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

Hedge Funds Weigh In On Invitation Homes

Hedge funds and other institutional investors have recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company's stock valued at $28,000 after acquiring an additional 641 shares during the period. Paladin Wealth LLC bought a new position in shares of Invitation Homes in the 3rd quarter worth approximately $40,000. Family Firm Inc. bought a new position in shares of Invitation Homes in the 2nd quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Invitation Homes in the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC bought a new position in shares of Invitation Homes in the 2nd quarter worth approximately $45,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.