Invitation Homes (NYSE:INVH) PT Raised to $39.00

Invitation Homes (NYSE:INVH) had its target price raised by research analysts at Raymond James from $37.00 to $39.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 9.98% from the company’s previous close.

A number of other research analysts have also issued reports on INVH. JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, March 7th. Evercore ISI reiterated an “in-line” rating and set a $36.00 price objective on shares of Invitation Homes in a report on Monday, March 18th. Morgan Stanley cut their price objective on shares of Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, December 26th. KeyCorp raised their target price on Invitation Homes from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, January 5th. Finally, Oppenheimer raised their target price on Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average target price of $37.91.

Invitation Homes Price Performance

Shares of Invitation Homes stock traded up $0.56 during trading on Thursday, reaching $35.46. The company’s stock had a trading volume of 1,117,985 shares, compared to its average volume of 3,276,188. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes has a 12-month low of $28.49 and a 12-month high of $36.53. The company has a market capitalization of $21.70 billion, a P/E ratio of 42.14, a price-to-earnings-growth ratio of 2.02 and a beta of 0.94. The business has a 50 day moving average price of $33.76 and a 200-day moving average price of $33.20.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. The business had revenue of $624.32 million during the quarter, compared to analysts’ expectations of $623.51 million. As a group, sell-side analysts anticipate that Invitation Homes will post 1.83 EPS for the current year.

Insider Activity

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Institutional Trading of Invitation Homes

Hedge funds have recently added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. acquired a new stake in Invitation Homes during the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC bought a new position in Invitation Homes during the 2nd quarter worth $31,000. Clear Street Markets LLC increased its stake in Invitation Homes by 117.4% during the 4th quarter. Clear Street Markets LLC now owns 1,089 shares of the company’s stock worth $32,000 after acquiring an additional 588 shares during the period. Creekmur Asset Management LLC bought a new position in Invitation Homes during the 4th quarter worth $46,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Invitation Homes by 96.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after acquiring an additional 1,061 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing 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.