Brokerages Set Invitation Homes Inc. (NYSE:INVH) PT at $38.39

Invitation Homes Inc. (NYSE:INVH) has been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $38.39.

INVH has been the subject of a number of analyst reports. Mizuho decreased their price objective on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, June 3rd. JPMorgan Chase & Co. increased their price target on Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Barclays decreased their price target on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada decreased their price target on Invitation Homes from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, July 26th.

Insider Buying and Selling at Invitation Homes

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

Institutional Trading of Invitation Homes

A number of institutional investors have recently made changes to their positions in INVH. BOK Financial Private Wealth Inc. purchased a new position in Invitation Homes during the first quarter worth approximately $26,000. UMB Bank n.a. raised its position in Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after purchasing an additional 641 shares during the period. Family Firm Inc. purchased a new stake in Invitation Homes in the second quarter valued at $42,000. Creekmur Asset Management LLC purchased a new stake in Invitation Homes in the fourth quarter valued at $46,000. Finally, Blue Trust Inc. raised its position in Invitation Homes by 644.7% in the second quarter. Blue Trust Inc. now owns 1,549 shares of the company’s stock valued at $55,000 after purchasing an additional 1,341 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Trading Up 0.8 %

Shares of NYSE INVH opened at $35.27 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $21.61 billion, a P/E ratio of 40.54, a price-to-earnings-growth ratio of 4.37 and a beta of 0.99. Invitation Homes has a 1-year low of $28.49 and a 1-year high of $36.92. The business has a fifty day moving average price of $35.28 and a 200 day moving average price of $34.52.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $646.04 million for the quarter, compared to analysts’ expectations of $630.97 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. Equities research analysts expect that Invitation Homes will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, June 27th. Invitation Homes’s payout ratio is currently 128.74%.

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.