Invitation Home (NYSE:INVH) Given New $28.00 Price Target at Scotiabank

Invitation Home (NYSE:INVH) had its target price cut by equities research analysts at Scotiabank from $31.00 to $28.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 5.44% from the company’s previous close.

Several other equities analysts have also weighed in on INVH. Royal Bank Of Canada cut their target price on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Morgan Stanley dropped their price target on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Invitation Home in a research report on Monday, December 29th. Barclays reissued an “overweight” rating and set a $33.00 target price on shares of Invitation Home in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.84.

Invitation Home Stock Performance

Shares of NYSE:INVH traded up $0.33 on Wednesday, hitting $26.56. 3,874,267 shares of the company were exchanged, compared to its average volume of 9,494,513. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $27.50 and its 200 day moving average price is $29.26. Invitation Home has a 1-year low of $25.29 and a 1-year high of $35.80. The firm has a market capitalization of $16.28 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83.

Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Sell-side analysts predict that Invitation Home will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of INVH. Harbor Capital Advisors Inc. purchased a new position in Invitation Home during the second quarter worth about $30,000. Hantz Financial Services Inc. grew its stake in shares of Invitation Home by 1,695.2% in the third quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock valued at $33,000 after buying an additional 1,068 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Invitation Home by 59.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after buying an additional 466 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Invitation Home by 136,000.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after buying an additional 1,360 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Invitation Home by 49.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock worth $42,000 after purchasing an additional 421 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.