Invitation Homes (NYSE:INVH) PT Raised to $39.00

Invitation Homes (NYSE:INVH) had its target price raised by Raymond James from $37.00 to $39.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 9.98% from the stock’s previous close.

A number of other brokerages also recently weighed in on INVH. Jefferies Financial Group raised Invitation Homes from a “hold” rating to a “buy” rating and raised their price objective for the company from $33.00 to $41.00 in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Invitation Homes in a report on Tuesday, January 30th. They set a “hold” rating and a $35.00 price objective for the company. Oppenheimer lifted their target price on shares of Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. BNP Paribas assumed coverage on shares of Invitation Homes in a report on Monday, January 22nd. They issued an “outperform” rating and a $39.00 target price on the stock. Finally, KeyCorp lifted their target price on shares of Invitation Homes from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.91.

Invitation Homes Stock Up 1.6 %

NYSE INVH traded up $0.56 during trading on Thursday, reaching $35.46. The company’s stock had a trading volume of 1,117,985 shares, compared to its average volume of 3,276,188. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $21.70 billion, a PE ratio of 42.14, a PEG ratio of 2.02 and a beta of 0.94. Invitation Homes has a 1-year low of $28.49 and a 1-year high of $36.53. The business has a 50-day moving average price of $33.76 and a 200-day moving average price of $33.20.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The business had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. On average, research analysts forecast that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at approximately $1,287,035.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Invitation Homes

Several institutional investors have recently added to or reduced their stakes in the company. Harvest Portfolios Group Inc. lifted its holdings in Invitation Homes by 2.8% during the 1st quarter. Harvest Portfolios Group Inc. now owns 12,303 shares of the company’s stock valued at $384,000 after purchasing an additional 334 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Invitation Homes by 2.5% in the third quarter. Baird Financial Group Inc. now owns 14,330 shares of the company’s stock worth $484,000 after acquiring an additional 345 shares during the last quarter. Artemis Wealth Advisors LLC raised its stake in shares of Invitation Homes by 8.4% in the second quarter. Artemis Wealth Advisors LLC now owns 4,441 shares of the company’s stock worth $153,000 after acquiring an additional 346 shares during the last quarter. DnB Asset Management AS raised its stake in shares of Invitation Homes by 0.4% in the third quarter. DnB Asset Management AS now owns 86,932 shares of the company’s stock worth $2,755,000 after acquiring an additional 360 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Invitation Homes by 2.4% in the fourth quarter. Creative Planning now owns 15,403 shares of the company’s stock worth $525,000 after acquiring an additional 368 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Homes Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing 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.