Analysts Set Invitation Home (NYSE:INVH) Target Price at $36.34

Invitation Home (NYSE:INVH) has been given an average rating of “Moderate Buy” by the seventeen ratings firms that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $35.9688.

Several equities analysts have recently issued reports on the company. Mizuho reduced their price objective on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. upgraded Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price objective for the company in a research report on Friday, October 17th. Royal Bank Of Canada reduced their price objective on 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 reduced their price objective on 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, Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a report on Wednesday, October 8th.

Invitation Home Stock Performance

Shares of INVH stock opened at $28.88 on Friday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $29.60 and a two-hundred day moving average of $31.73. The company has a market cap of $17.70 billion, a P/E ratio of 32.82, a PEG ratio of 2.87 and a beta of 0.81. Invitation Home has a 52 week low of $27.71 and a 52 week high of $35.80.

Invitation Home (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, analysts anticipate that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.16 annualized dividend and a dividend yield of 4.0%. Invitation Home’s dividend payout ratio is currently 131.82%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Invitation Home by 0.8% in the second quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company’s stock valued at $3,116,862,000 after buying an additional 719,365 shares in the last quarter. Norges Bank bought a new position in shares of Invitation Home in the second quarter valued at $1,693,992,000. State Street Corp increased its holdings in shares of Invitation Home by 1.3% in the second quarter. State Street Corp now owns 36,159,024 shares of the company’s stock valued at $1,196,334,000 after buying an additional 460,747 shares in 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 buying an additional 309,953 shares in 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 buying an additional 514,100 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

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.