Invitation Homes (NYSE:INVH) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Invitation Homes (NYSE:INVH) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Wednesday, MarketBeat reports. The brokerage currently has a $41.00 price target on the stock, up from their prior price target of $35.00. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 23.46% from the company’s previous close.

A number of other equities analysts also recently weighed in on INVH. Evercore ISI lifted their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of Invitation Homes in a research report on Monday, June 17th. Raymond James boosted their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Barclays decreased their target price on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Finally, Scotiabank boosted their price target on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.39.

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $33.21 on Wednesday. Invitation Homes has a fifty-two week low of $28.49 and a fifty-two week high of $36.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market capitalization of $20.34 billion, a P/E ratio of 38.17, a P/E/G ratio of 2.24 and a beta of 0.99. The company’s 50 day moving average price is $35.37 and its two-hundred day moving average price is $34.52.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). The business had revenue of $646.04 million for the quarter, compared to the consensus estimate of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. On average, equities analysts forecast that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Charles D. Young sold 5,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at approximately $9,594,065.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the sale, the director now directly owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total transaction of $174,250.00. Following the sale, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Institutional Trading of Invitation Homes

A number of institutional investors have recently made changes to their positions in INVH. Wellington Management Group LLP boosted its holdings in shares of Invitation Homes by 87.0% during the 3rd quarter. Wellington Management Group LLP now owns 41,955 shares of the company’s stock valued at $1,330,000 after acquiring an additional 19,516 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Invitation Homes by 89.9% during the 4th quarter. Raymond James & Associates now owns 193,104 shares of the company’s stock valued at $6,587,000 after acquiring an additional 91,436 shares during the last quarter. Gradient Investments LLC boosted its holdings in shares of Invitation Homes by 4.5% during the 4th quarter. Gradient Investments LLC now owns 123,314 shares of the company’s stock valued at $4,206,000 after acquiring an additional 5,350 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Invitation Homes by 1.8% during the 4th quarter. State of Alaska Department of Revenue now owns 425,122 shares of the company’s stock valued at $14,499,000 after acquiring an additional 7,374 shares during the last quarter. Finally, Manning & Napier Group LLC boosted its holdings in shares of Invitation Homes by 14.0% in the fourth quarter. Manning & Napier Group LLC now owns 376,779 shares of the company’s stock worth $12,852,000 after buying an additional 46,251 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Invitation Homes

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.