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

Invitation Homes Inc. (NYSE:INVH) has received a consensus recommendation of “Moderate Buy” from the twenty research firms that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $38.80.

Several research analysts have recently weighed in on the stock. Mizuho lowered their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lowered their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada cut their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Scotiabank decreased their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Finally, UBS Group increased their price target on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th.

Invitation Homes Price Performance

Shares of INVH opened at $34.16 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $34.04 and its 200 day simple moving average is $35.00. Invitation Homes has a 1-year low of $31.01 and a 1-year high of $37.80. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 5.15 and a beta of 1.02.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.28%. Invitation Homes’s dividend payout ratio is presently 157.75%.

Institutional Investors Weigh In On Invitation Homes

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after acquiring an additional 641 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Invitation Homes during the 3rd quarter worth $40,000. Family Firm Inc. bought a new position in shares of Invitation Homes in the second quarter worth $42,000. Ashton Thomas Private Wealth LLC acquired a new position in Invitation Homes in the second quarter valued at about $44,000. Finally, Headlands Technologies LLC bought a new stake in Invitation Homes during the second quarter worth about $45,000. 96.79% of the stock is currently owned by institutional investors.

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.