Invitation Homes Inc. (NYSE:INVH) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Invitation Homes Inc. (NYSE:INVH) have been given an average rating of “Moderate Buy” by the eighteen research firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $38.61.

INVH has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank of Canada dropped their price target on Invitation Homes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Keefe, Bruyette & Woods reduced their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, July 30th. Scotiabank lifted their target price on Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Finally, Barclays cut their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th.

Insider Transactions at Invitation Homes

In related news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction 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 owns 28,068 shares in the company, valued at approximately $970,591.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. acquired a new stake in Invitation Homes during the first quarter worth approximately $26,000. UMB Bank n.a. increased its position in shares of Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares during the period. Family Firm Inc. acquired a new position in Invitation Homes in the second quarter valued at about $42,000. Ashton Thomas Private Wealth LLC bought a new stake in Invitation Homes during the second quarter worth about $44,000. Finally, Headlands Technologies LLC acquired a new stake in Invitation Homes during the second quarter worth about $45,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Performance

INVH stock opened at $35.28 on Monday. Invitation Homes has a 1-year low of $28.49 and a 1-year high of $36.92. The business’s 50-day moving average price is $35.47 and its two-hundred day moving average price is $34.69. The firm has a market cap of $21.61 billion, a PE ratio of 40.55, a P/E/G ratio of 4.44 and a beta of 0.99. 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 released its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The business had revenue of $653.45 million for the quarter, compared to the consensus estimate of $654.70 million. As a group, research analysts forecast that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were paid a $0.28 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.12 annualized dividend and a yield of 3.17%. Invitation Homes’s dividend payout ratio is 128.74%.

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.