Raymond James Issues Pessimistic Forecast for Invitation Homes (NYSE:INVH) Stock Price

Invitation Homes (NYSE:INVH - Free Report) had its price objective trimmed by Raymond James from $40.00 to $36.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other analysts also recently commented on INVH. Barclays reaffirmed an "overweight" rating and issued a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. JMP Securities reissued a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their price target on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $37.38.

Invitation Homes Stock Performance

Shares of INVH traded up $0.19 during trading hours on Friday, reaching $33.16. 1,312,172 shares of the company traded hands, compared to its average volume of 3,338,804. The stock has a market capitalization of $20.32 billion, a P/E ratio of 46.70, 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. The business has a fifty day moving average price of $32.95 and a 200-day moving average price of $32.82. Invitation Homes has a 12-month low of $29.37 and a 12-month high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Equities analysts anticipate that Invitation Homes will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.50%. Invitation Homes's dividend payout ratio is currently 158.90%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtus ETF Advisers LLC lifted its position in shares of Invitation Homes by 7.0% in the fourth quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock valued at $157,000 after acquiring an additional 319 shares in the last quarter. Snowden Capital Advisors LLC lifted its holdings in Invitation Homes by 2.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock valued at $400,000 after purchasing an additional 319 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after buying an additional 329 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after buying an additional 378 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in shares of Invitation Homes by 1.2% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock worth $1,133,000 after buying an additional 408 shares in the last quarter. 96.79% of the stock is 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.