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

Invitation Homes (NYSE:INVH) had its target price raised by equities researchers at Evercore ISI from $37.00 to $38.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 5.23% from the company’s previous close.

Several other analysts also recently commented on INVH. Mizuho reduced their target price on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. 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. Keefe, Bruyette & Woods lowered their target price on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price target on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday. Finally, UBS Group increased their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes has an average rating of “Moderate Buy” and a consensus target price of $39.10.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $36.11 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average price is $35.79 and its two-hundred day moving average price is $35.21. The company has a market cap of $22.12 billion, a PE ratio of 41.51, a price-to-earnings-growth 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.

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

Hedge Funds Weigh In On Invitation Homes

A number of institutional investors have recently modified their holdings of INVH. BOK Financial Private Wealth Inc. bought a new position in Invitation Homes in the first quarter valued at about $26,000. UMB Bank n.a. boosted its stake in shares of Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after purchasing an additional 641 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Invitation Homes during the 2nd quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new position in Invitation Homes during the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC bought a new position in Invitation Homes in the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.