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

Invitation Homes Inc. (NYSE:INVH) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $38.19.

Several equities research analysts recently commented on INVH shares. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, March 7th. Citigroup restated a “neutral” rating and issued a $39.00 price target on shares of Invitation Homes in a report on Friday, March 22nd. Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, February 27th. Raymond James boosted their target price on Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Jefferies Financial Group raised shares of Invitation Homes from a “hold” rating to a “buy” rating and raised their target price for the company from $33.00 to $41.00 in a research report on Tuesday, January 2nd.

Invitation Homes Price Performance

Shares of INVH stock opened at $33.78 on Tuesday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes has a 12-month low of $28.49 and a 12-month high of $36.53. The firm has a fifty day moving average of $34.22 and a 200-day moving average of $33.37. The firm has a market capitalization of $20.69 billion, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.94.

Invitation Homes (NYSE:INVH) last issued 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). Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. The business had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. On average, equities research analysts forecast that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Wednesday, March 27th. Invitation Homes’s payout ratio is presently 133.33%.

Insider Activity at Invitation Homes

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now directly owns 37,037 shares in the company, valued at $1,287,035.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Invitation Homes

Hedge funds have recently bought and sold shares of the stock. Creekmur Asset Management LLC acquired a new position in shares of Invitation Homes in the fourth quarter valued at approximately $46,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Invitation Homes by 96.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after purchasing an additional 1,061 shares during the period. Mather Group LLC. acquired a new position in Invitation Homes in the 1st quarter valued at $75,000. GAMMA Investing LLC bought a new position in Invitation Homes during the 4th quarter worth $79,000. Finally, NBC Securities Inc. acquired a new stake in shares of Invitation Homes during the third quarter worth $86,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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.