BTIG Research started coverage on shares of Invitation Home Inc. (NYSE:INVH) in a research note published on Monday, October 9th, Marketbeat reports. The firm issued a buy rating and a $26.00 target price on the stock.
Several other analysts have also recently commented on the company. Zacks Investment Research upgraded Invitation Home from a hold rating to a buy rating and set a $26.00 target price on the stock in a report on Wednesday, September 6th. Keefe, Bruyette & Woods restated a buy rating and set a $25.00 price target on shares of Invitation Home in a report on Tuesday, October 3rd. Finally, FBR & Co restated a buy rating on shares of Invitation Home in a report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Invitation Home currently has an average rating of Buy and a consensus target price of $24.50.
Invitation Home (NYSE INVH) traded up 0.66% during mid-day trading on Monday, reaching $22.80. 2,171,956 shares of the company’s stock traded hands. The company’s market capitalization is $7.10 billion. Invitation Home has a 52-week low of $19.80 and a 52-week high of $23.56. The company has a 50-day moving average of $22.63 and a 200-day moving average of $21.91.
Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $242.22 million for the quarter, compared to the consensus estimate of $240.58 million. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts expect that Invitation Home will post ($0.10) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Monday, October 23rd.
Hedge funds and other institutional investors have recently modified their holdings of the business. Salem Investment Counselors Inc. bought a new position in Invitation Home in the 1st quarter worth about $109,000. PNC Financial Services Group Inc. bought a new stake in shares of Invitation Home during the 1st quarter valued at about $111,000. SG Americas Securities LLC bought a new stake in shares of Invitation Home during the 1st quarter valued at about $112,000. State of Alaska Department of Revenue bought a new stake in shares of Invitation Home during the 2nd quarter valued at about $136,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Invitation Home during the 2nd quarter valued at about $157,000. Institutional investors and hedge funds own 99.96% of the company’s stock.
About Invitation Home
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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