Analysts Set Invitation Homes Inc. (NYSE:INVH) PT at $38.85

Shares of Invitation Homes Inc. (NYSE:INVH) have received a consensus recommendation of “Moderate Buy” from the twenty analysts that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $39.10.

A number of analysts recently commented on INVH shares. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective on the stock. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Royal Bank of Canada cut Invitation Homes from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $37.00 to $36.00 in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Finally, Mizuho cut their price target 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.

Invitation Homes Stock Down 1.8 %

INVH opened at $36.11 on Friday. The business has a 50 day simple moving average of $35.79 and a 200-day simple moving average of $35.21. Invitation Homes has a 12 month low of $28.49 and a 12 month high of $37.80. The stock has a market capitalization of $22.12 billion, a P/E ratio of 41.51, a P/E/G ratio of 4.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20.

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

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.10%. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Hedge Funds Weigh In On Invitation Homes

Several large investors have recently added to or reduced their stakes in INVH. State Board of Administration of Florida Retirement System raised its stake in Invitation Homes by 5.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock worth $23,852,000 after purchasing an additional 36,951 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Invitation Homes by 56.4% in the first quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock valued at $6,174,000 after acquiring an additional 62,547 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Invitation Homes by 14.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock valued at $37,632,000 after acquiring an additional 131,068 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Invitation Homes during the first quarter valued at about $2,635,000. Finally, Nomura Holdings Inc. acquired a new stake in Invitation Homes during the fourth quarter worth about $3,482,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.