Invitation Homes Inc. (NYSE:INVH – Get Rating) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $40.14.
Several equities analysts recently weighed in on INVH shares. JMP Securities cut their price objective on shares of Invitation Homes from $50.00 to $40.00 and set a “market outperform” rating on the stock in a research report on Friday, October 28th. Oppenheimer cut their price objective on shares of Invitation Homes to $35.00 in a research report on Friday, November 4th. Morgan Stanley raised their price objective on shares of Invitation Homes from $40.50 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, August 25th. Mizuho cut their price objective on shares of Invitation Homes from $39.00 to $36.00 in a research report on Friday. Finally, Evercore ISI cut their price objective on shares of Invitation Homes to $38.00 in a research report on Thursday, October 13th.
Institutional Investors Weigh In On Invitation Homes
Hedge funds and other institutional investors have recently modified their holdings of the stock. Venture Visionary Partners LLC acquired a new stake in shares of Invitation Homes in the second quarter worth $25,000. Quent Capital LLC grew its stake in shares of Invitation Homes by 115.4% in the third quarter. Quent Capital LLC now owns 911 shares of the company’s stock worth $31,000 after acquiring an additional 488 shares during the last quarter. Anson Funds Management LP acquired a new stake in Invitation Homes during the first quarter worth $42,000. Pacer Advisors Inc. acquired a new stake in Invitation Homes during the third quarter worth $40,000. Finally, Wipfli Financial Advisors LLC acquired a new stake in Invitation Homes during the third quarter worth $43,000. Institutional investors and hedge funds own 95.52% of the company’s stock.
Invitation Homes Stock Performance
INVH stock opened at $32.36 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $19.79 billion, a P/E ratio of 55.79, a P/E/G ratio of 3.14 and a beta of 0.83. The firm has a 50 day simple moving average of $32.30 and a 200 day simple moving average of $35.30. Invitation Homes has a 52 week low of $29.56 and a 52 week high of $45.80.
Invitation Homes (NYSE:INVH – Get Rating) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.29). The company had revenue of $568.68 million for the quarter, compared to analyst estimates of $565.73 million. Invitation Homes had a return on equity of 3.68% and a net margin of 16.38%. Research analysts anticipate that Invitation Homes will post 1.64 earnings per share for the current fiscal year.
Invitation Homes Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 8th were paid a $0.22 dividend. The ex-dividend date was Monday, November 7th. This represents a $0.88 annualized dividend and a dividend yield of 2.72%. Invitation Homes’s payout ratio is 151.73%.
Invitation Homes Company Profile
Invitation Homes is the nation’s premier single-family home leasing 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.
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