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

Shares of Invitation Homes Inc. (NYSE:INVH) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $37.53.

Several research firms have commented on INVH. Keefe, Bruyette & Woods increased their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays lowered their price objective on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of INVH. Norges Bank purchased a new stake in Invitation Homes during the 4th quarter worth about $1,646,794,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after purchasing an additional 4,883,564 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after buying an additional 4,661,213 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after purchasing an additional 3,870,432 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Invitation Homes during the 4th quarter worth approximately $67,743,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Down 1.0 %

NYSE:INVH opened at $33.93 on Friday. 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 has a market cap of $20.79 billion, a price-to-earnings ratio of 47.78, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The stock has a fifty day simple moving average of $31.74 and a 200-day simple moving average of $33.36. Invitation Homes has a twelve month low of $30.13 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Analysts anticipate that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.42%. Invitation Homes’s dividend payout ratio is presently 158.90%.

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.