Invitation Home (NYSE:INVH) Price Target Cut to $35.00 by Analysts at Evercore ISI

Invitation Home (NYSE:INVH) had its target price cut by Evercore ISI from $36.00 to $35.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 16.99% from the stock’s current price.

A number of other equities research analysts have also commented on INVH. Citigroup raised shares of Invitation Home from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $38.50 in a report on Friday, June 6th. Wells Fargo & Company lowered their price target on shares of Invitation Home from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Royal Bank Of Canada lowered their price target on shares of Invitation Home from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Barclays lowered their price target on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Finally, Scotiabank lowered their price target on shares of Invitation Home from $38.00 to $36.00 and set a “sector performer” rating for the company in a research report on Thursday, August 28th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.68.

Invitation Home Stock Performance

Invitation Home stock traded down $0.29 during mid-day trading on Monday, reaching $29.92. The company had a trading volume of 166,112 shares, compared to its average volume of 3,326,925. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.24. The company has a 50 day moving average of $31.06 and a 200-day moving average of $32.70. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 3.02 and a beta of 0.82.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company had revenue of $681.40 million during the quarter, compared to analysts’ expectations of $675.01 million. During the same quarter in the prior year, the company posted $0.47 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, sell-side analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Invitation Home

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Invitation Home by 0.8% during the second quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company’s stock worth $3,116,862,000 after buying an additional 719,365 shares during the last quarter. Norges Bank acquired a new position in Invitation Home during the second quarter worth $1,693,992,000. State Street Corp increased its holdings in Invitation Home by 1.3% during the second quarter. State Street Corp now owns 36,159,024 shares of the company’s stock worth $1,196,334,000 after buying an additional 460,747 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Invitation Home by 2.0% in the second quarter. Geode Capital Management LLC now owns 15,855,732 shares of the company’s stock valued at $518,018,000 after purchasing an additional 309,953 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Invitation Home by 4.0% in the second quarter. Daiwa Securities Group Inc. now owns 13,319,490 shares of the company’s stock valued at $436,880,000 after purchasing an additional 514,100 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

About Invitation Home

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.