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

Invitation Homes (NYSE:INVH) had its target price boosted by Evercore ISI from $37.00 to $38.00 in a research note issued to investors on Monday, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on INVH. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They set a buy rating and a $46.00 target price for the company. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a hold rating to a buy rating and boosted their target price for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. UBS Group boosted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a buy rating in a research report on Friday, August 16th. Mizuho reduced their price objective on Invitation Homes from $37.00 to $36.00 and set a neutral rating for the company in a research report on Monday, June 3rd. Finally, JPMorgan Chase & Co. upped their price target on Invitation Homes from $36.00 to $40.00 and gave the company a neutral rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Invitation Homes currently has a consensus rating of Moderate Buy and an average price target of $39.10.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $36.04 on Monday. The company has a market capitalization of $22.08 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 4.50 and a beta of 1.01. Invitation Homes has a twelve month low of $28.49 and a twelve month high of $37.80. The firm has a 50-day moving average of $35.80 and a two-hundred day moving average of $35.22. 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 announced its earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The firm had revenue of $653.45 million during the quarter, compared to analyst estimates of $654.70 million. As a group, analysts expect that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is currently 128.74%.

Hedge Funds Weigh In On Invitation Homes

Several institutional investors have recently modified their holdings of the stock. Cohen & Steers Inc. raised its holdings in shares of Invitation Homes by 1.3% in the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock valued at $2,746,208,000 after purchasing an additional 1,008,392 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Invitation Homes by 0.8% during the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after purchasing an additional 128,000 shares during the period. Dimensional Fund Advisors LP increased its position in Invitation Homes by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after buying an additional 170,374 shares during the last quarter. Centersquare Investment Management LLC raised its stake in Invitation Homes by 4.7% in the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock valued at $292,485,000 after buying an additional 384,564 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Invitation Homes by 66.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after acquiring an additional 2,169,522 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.