Invitation Home (NYSE:INVH) Stock Price Target Cut by Royal Bank Of Canada

Invitation Home (NYSE:INVH) had its target price cut by Royal Bank Of Canada from $31.00 to $29.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 9.33% from the company’s current price.

A number of other equities analysts also recently weighed in on INVH. UBS Group dropped their price target on shares of Invitation Home from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday. Compass Point raised Invitation Home to a “hold” rating in a research report on Thursday, July 9th. Barclays lifted their price objective on Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Jefferies Financial Group upgraded Invitation Home to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Citigroup restated a “buy” rating on shares of Invitation Home in a research note on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Invitation Home currently has a consensus rating of “Hold” and an average target price of $32.20.

Invitation Home Stock Down 0.7%

Invitation Home stock traded down $0.17 during trading hours on Tuesday, hitting $26.52. The company had a trading volume of 1,103,724 shares, compared to its average volume of 5,794,725. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $30.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market capitalization of $15.67 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 3.99 and a beta of 0.82. The firm’s fifty day moving average is $28.31 and its 200-day moving average is $28.44.

Invitation Home (NYSE:INVH) last issued its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.34. The company had revenue of $747.55 million during the quarter, compared to analyst estimates of $731.13 million. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, research analysts forecast that Invitation Home will post 1.90 earnings per share for the current year.

Institutional Trading of Invitation Home

Several large investors have recently modified their holdings of INVH. NorthCrest Asset Manangement LLC boosted its holdings in shares of Invitation Home by 84.0% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 18,579 shares of the company’s stock worth $492,000 after buying an additional 8,480 shares during the period. Farther Finance Advisors LLC grew its stake in Invitation Home by 3.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 30,671 shares of the company’s stock valued at $808,000 after buying an additional 939 shares during the last quarter. Versant Capital Management Inc raised its holdings in Invitation Home by 21.0% in the 3rd quarter. Versant Capital Management Inc now owns 2,866 shares of the company’s stock worth $75,000 after acquiring an additional 498 shares during the period. QRG Capital Management Inc. raised its holdings in Invitation Home by 10.0% in the 2nd quarter. QRG Capital Management Inc. now owns 11,589 shares of the company’s stock worth $350,000 after acquiring an additional 1,057 shares during the period. Finally, Junto Capital Management LP bought a new position in Invitation Home in the 2nd quarter worth $59,101,000. 96.79% of the stock is owned by institutional investors.

About Invitation Home

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing, offering residents access to detached homes with services that generally include leasing, property management, maintenance and resident support.

Invitation Homes serves communities across a broad group of U.S. markets, with a significant presence in the Sun Belt and other high-growth metropolitan areas.