Invitation Homes (NYSE:INVH) Stock Has Average Target Price of $32.00

Invitation Homes (NYSE:INVH) has earned a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $32.00.

A number of analysts have recently issued reports on the company. Oppenheimer lifted their price target on Invitation Homes from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Invitation Homes from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $31.00 to $32.00 in a research report on Monday, September 21st. Scotiabank decreased their target price on shares of Invitation Homes from $30.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Invitation Homes from $29.00 to $31.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th.

Institutional Investors Weigh In On Invitation Homes

A number of institutional investors have recently modified their holdings of INVH. BlackRock Inc. acquired a new stake in Invitation Homes in the 2nd quarter valued at approximately $1,866,973,000. Deutsche Bank AG purchased a new position in Invitation Homes in the 2nd quarter valued at $193,539,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Invitation Homes by 74,699.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,971,242 shares of the company’s stock valued at $180,391,000 after acquiring an additional 5,963,259 shares during the period. Legal & General Group Plc purchased a new position in shares of Invitation Homes in the second quarter valued at $140,427,000. Finally, Rush Island Management LP acquired a new position in Invitation Homes in the 1st quarter valued at about $105,292,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $26.57 on Wednesday. The company has a market cap of $15.31 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 4.00 and a beta of 0.81. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.40. Invitation Homes has a 52 week low of $24.25 and a 52 week high of $30.89. The business has a 50 day moving average price of $27.31 and a 200-day moving average price of $27.79.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The company had revenue of $731.28 million for the quarter, compared to analyst estimates of $742.55 million. Invitation Homes had a net margin of 23.54% and a return on equity of 7.62%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. Equities analysts anticipate that Invitation Homes will post 1.90 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 24th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Thursday, September 24th. Invitation Homes’s dividend payout ratio (DPR) is 105.26%.

Invitation Homes Company Profile

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 for individuals and families, with properties generally located in suburban communities and metropolitan areas.

The company’s services include home leasing, property management, resident support, maintenance and renovations. Invitation Homes uses technology and centralized operating systems to market homes, manage lease agreements, collect rent and coordinate property care.