Invitation Homes (NYSE:INVH) Downgraded by Jefferies Financial Group to “Hold”

Jefferies Financial Group cut shares of Invitation Homes (NYSE:INVH) from a buy rating to a hold rating in a research note published on Thursday, Marketbeat reports. Jefferies Financial Group currently has $33.00 target price on the stock, down from their previous target price of $39.00.

Several other analysts have also recently commented on the stock. Scotiabank lowered their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Mizuho lowered their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Evercore ISI increased their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price target for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.37.

Invitation Homes Price Performance

Invitation Homes stock opened at $31.43 on Thursday. The stock has a market capitalization of $19.25 billion, a P/E ratio of 44.27, a P/E/G ratio of 5.03 and a beta of 1.03. Invitation Homes has a 12-month low of $31.01 and a 12-month 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 firm’s 50-day moving average is $33.11 and its two-hundred day moving average is $34.62.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 163.38%.

Hedge Funds Weigh In On Invitation Homes

A number of institutional investors and hedge funds have recently bought and sold shares of INVH. State Street Corp grew its stake in shares of Invitation Homes by 0.8% during the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after acquiring an additional 298,307 shares in the last quarter. FMR LLC grew its stake in Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Invitation Homes by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock valued at $567,597,000 after purchasing an additional 128,000 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after buying an additional 997,353 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 in the last quarter. Hedge funds and other institutional investors 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.