Invitation Home (NYSE:INVH) Price Target Lowered to $29.00 at Royal Bank Of Canada

Invitation Home (NYSE:INVHFree Report) had its price target decreased by Royal Bank Of Canada from $30.00 to $29.00 in a report released on Friday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

INVH has been the subject of several other research reports. Citigroup reiterated a “market outperform” rating on shares of Invitation Home in a report on Wednesday, January 21st. Scotiabank reduced their target price on Invitation Home from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Invitation Home in a report on Monday, December 29th. Bank of America cut their price objective on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.38.

Get Our Latest Stock Analysis on INVH

Invitation Home Stock Performance

INVH stock opened at $25.30 on Friday. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 2.81 and a beta of 0.83. The firm has a 50-day simple moving average of $26.96 and a two-hundred day simple moving average of $28.27. Invitation Home has a one year low of $25.23 and a one year high of $35.80. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03.

Invitation Home (NYSE:INVHGet Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.21). Invitation Home had a return on equity of 6.24% and a net margin of 21.53%.The firm had revenue of $685.25 million during the quarter, compared to analysts’ expectations of $683.00 million. During the same period in the previous year, the firm earned $0.47 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Tuesday, December 23rd were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 23rd. Invitation Home’s dividend payout ratio is presently 125.00%.

Hedge Funds Weigh In On Invitation Home

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its stake in Invitation Home by 1,695.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock valued at $33,000 after acquiring an additional 1,068 shares during the period. Smartleaf Asset Management LLC lifted its position in Invitation Home by 59.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after purchasing an additional 466 shares during the period. Cromwell Holdings LLC boosted its holdings in Invitation Home by 2,463.5% in the fourth quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock valued at $37,000 after purchasing an additional 1,281 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Invitation Home by 136,000.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in Invitation Home during the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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Invitation Home Company Profile

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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.

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Analyst Recommendations for Invitation Home (NYSE:INVH)

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