Invitation Homes (NYSE:INVH) Price Target Raised to $38.00

Invitation Homes (NYSE:INVH) had its price target lifted by Evercore ISI from $37.00 to $38.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

INVH has been the subject of a number of other reports. UBS Group lifted their target price on Invitation Homes from $41.00 to $42.00 and gave the company a buy rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods reduced their price objective on Invitation Homes from $38.00 to $37.00 and set a market perform rating for the company in a research report on Tuesday, July 30th. Scotiabank increased their target price on Invitation Homes from $36.00 to $38.00 and gave the stock a sector perform rating in a research report on Thursday, May 16th. Barclays cut their target price on Invitation Homes from $41.00 to $40.00 and set an overweight rating on the stock in a research note on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a hold rating to a buy rating and upped their price target for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $38.63.

Invitation Homes Stock Performance

INVH stock opened at $36.84 on Wednesday. The stock’s 50 day simple moving average is $35.62 and its 200 day simple moving average is $34.90. Invitation Homes has a 12-month low of $28.49 and a 12-month high of $36.92. The firm has a market cap of $22.57 billion, a P/E ratio of 42.34, a P/E/G ratio of 4.44 and a beta of 0.99. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The business had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. As a group, equities research analysts predict that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, June 27th. Invitation Homes’s dividend payout ratio is presently 128.74%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new stake in Invitation Homes in the 1st quarter valued at about $26,000. UMB Bank n.a. raised its holdings in shares of Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Family Firm Inc. acquired a new stake in Invitation Homes during the second quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC bought a new stake in Invitation Homes during the second quarter worth approximately $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes in the second quarter worth approximately $45,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Company Profile

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.