Invitation Homes (NYSE:INVH) Cut to Equal Weight at Morgan Stanley

Morgan Stanley lowered shares of Invitation Homes (NYSE:INVH) from an overweight rating to an equal weight rating in a research report released on Friday morning, MarketBeat Ratings reports. The brokerage currently has $35.00 price objective on the stock, down from their prior price objective of $39.00.

INVH has been the topic of a number of other research reports. Keefe, Bruyette & Woods dropped their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada lowered their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Mizuho dropped their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.47.

Invitation Homes Trading Up 0.1 %

Shares of NYSE INVH opened at $30.54 on Friday. Invitation Homes has a 1-year low of $30.13 and a 1-year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The business’s 50 day moving average is $32.42 and its two-hundred day moving average is $34.06. The stock has a market capitalization of $18.71 billion, a P/E ratio of 43.02, a PEG ratio of 4.51 and a beta of 1.04.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.80%. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of INVH. Benjamin F. Edwards & Company Inc. increased its position in shares of Invitation Homes by 16.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,558 shares of the company’s stock valued at $128,000 after buying an additional 494 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Invitation Homes by 4.7% during the 2nd quarter. Pacer Advisors Inc. now owns 40,784 shares of the company’s stock worth $1,464,000 after purchasing an additional 1,841 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Invitation Homes by 17.9% in the second quarter. Public Sector Pension Investment Board now owns 78,896 shares of the company’s stock valued at $2,832,000 after buying an additional 11,966 shares during the period. Bank of Montreal Can lifted its holdings in Invitation Homes by 18.0% during the 2nd quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock valued at $19,566,000 after purchasing an additional 83,142 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Invitation Homes by 60.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,201 shares of the company’s stock worth $4,206,000 after buying an additional 44,138 shares during the last quarter. 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.