Bank of America Cuts Invitation Home (NYSE:INVH) Price Target to $36.00

Invitation Home (NYSE:INVH) had its price objective dropped by investment analysts at Bank of America from $37.00 to $36.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s price objective suggests a potential upside of 23.89% from the stock’s current price.

Several other research firms have also commented on INVH. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a report on Wednesday, October 8th. Mizuho decreased their target price on Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. Scotiabank lowered their price target on Invitation Home from $36.00 to $31.00 and set a “sector perform” rating for the company in a report on Monday. Wells Fargo & Company reduced their price objective on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Monday, October 13th. Finally, Evercore ISI dropped their target price on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.21.

Invitation Home Stock Up 1.5%

INVH stock traded up $0.42 during midday trading on Wednesday, hitting $29.06. The company’s stock had a trading volume of 2,300,983 shares, compared to its average volume of 3,641,973. The firm has a market capitalization of $17.81 billion, a P/E ratio of 30.57, a PEG ratio of 2.80 and a beta of 0.81. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a 52-week low of $27.38 and a 52-week high of $35.80. The firm has a 50-day simple moving average of $28.94 and a 200-day simple moving average of $31.28.

Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $688.17 million for the quarter, compared to the consensus estimate of $679.41 million. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.Invitation Home’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, equities analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Hedge Funds Weigh In On Invitation Home

Several institutional investors and hedge funds have recently added to or reduced their stakes in INVH. Brown Advisory Inc. purchased a new position in shares of Invitation Home during the 1st quarter worth approximately $226,000. CWM LLC lifted its stake in shares of Invitation Home by 10.8% in the first quarter. CWM LLC now owns 6,509 shares of the company’s stock valued at $227,000 after purchasing an additional 635 shares during the period. Wealthfront Advisers LLC lifted its position in shares of Invitation Home by 21.8% during the 1st quarter. Wealthfront Advisers LLC now owns 23,522 shares of the company’s stock valued at $820,000 after acquiring an additional 4,215 shares during the period. Larson Financial Group LLC raised its holdings in Invitation Home by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after purchasing an additional 854 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Invitation Home by 13.9% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 13,091 shares of the company’s stock worth $457,000 after buying an additional 1,596 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home 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.