Invitation Homes (NYSE:INVH) Price Target Raised to $42.00 at UBS Group

Invitation Homes (NYSE:INVH) had its price objective boosted by UBS Group from $41.00 to $42.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a neutral rating in a research report on Monday, June 17th. Royal Bank of Canada dropped their price target on Invitation Homes from $39.00 to $37.00 and set an outperform rating for the company in a research report on Friday, July 26th. Barclays reduced their price objective on Invitation Homes from $41.00 to $40.00 and set an overweight rating on the stock in a research report on Wednesday, May 29th. Evercore ISI upgraded Invitation Homes from an in-line rating to an outperform rating and set a $37.00 target price for the company in a report on Friday, July 26th. Finally, Mizuho reduced their price target on Invitation Homes from $37.00 to $36.00 and set a neutral rating on the stock in a report on Monday, June 3rd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Invitation Homes currently has a consensus rating of Moderate Buy and an average target price of $38.61.

Invitation Homes Price Performance

Invitation Homes stock traded up $0.02 during trading on Friday, reaching $35.28. The company had a trading volume of 2,873,596 shares, compared to its average volume of 3,263,672. The firm has a market capitalization of $21.61 billion, a PE ratio of 40.55, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. The firm’s 50-day simple moving average is $35.47 and its 200 day simple moving average is $34.68. 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 has a 1-year low of $28.49 and a 1-year high of $36.92.

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

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Thursday, June 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Insider Buying and Selling

In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the sale, the director now owns 28,068 shares of the company’s stock, valued at $970,591.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Invitation Homes

Several large investors have recently bought and sold shares of INVH. Norges Bank acquired a new stake in shares of Invitation Homes in the 4th quarter valued at about $1,346,883,000. Canada Pension Plan Investment Board grew its position in shares of Invitation Homes by 27.2% during the first quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after acquiring an additional 3,351,424 shares during the last quarter. Boston Partners acquired a new position in shares of Invitation Homes in the 4th quarter valued at $105,282,000. Goldman Sachs Group Inc. raised its position in Invitation Homes by 66.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after purchasing an additional 2,169,522 shares during the last quarter. Finally, First Financial Bankshares Inc purchased a new stake in Invitation Homes in the 4th quarter valued at $45,104,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.