Invitation Homes Inc. (NYSE:INVH) Receives Consensus Rating of “Hold” from Brokerages

Shares of Invitation Homes Inc. (NYSE:INVH) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $38.29.

INVH has been the subject of a number of research reports. Mizuho cut their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays initiated coverage on shares of Invitation Homes in a research note on Tuesday, December 17th. They set an “overweight” rating and a $38.00 price target on the stock. Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and cut their price objective for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada decreased their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st.

Institutional Investors Weigh In On Invitation Homes

Institutional investors and hedge funds have recently bought and sold shares of the business. Paladin Wealth LLC purchased a new position in shares of Invitation Homes during the third quarter valued at approximately $40,000. Headlands Technologies LLC bought a new stake in Invitation Homes in the second quarter valued at $45,000. Assetmark Inc. increased its position in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares during the period. Brooklyn Investment Group bought a new position in Invitation Homes in the 3rd quarter worth $49,000. Finally, Huntington National Bank raised its holdings in Invitation Homes by 53.2% in the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after purchasing an additional 699 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Down 1.3 %

INVH opened at $30.54 on Thursday. The business’s fifty day simple moving average is $32.80 and its 200 day simple moving average is $34.32. Invitation Homes has a 52 week low of $30.13 and a 52 week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $18.71 billion, a PE ratio of 43.01, a P/E/G ratio of 5.03 and a beta of 1.04.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 163.38%.

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.