Invitation Home (NYSE:INVH) Upgraded by Mizuho to “Outperform” Rating

Mizuho upgraded shares of Invitation Home (NYSE:INVH) from a neutral rating to an outperform rating in a report published on Monday morning, MarketBeat Ratings reports. Mizuho currently has $32.00 price objective on the stock, up from their previous price objective of $31.00.

A number of other equities analysts have also issued reports on the company. Cfra lowered Invitation Home from a “hold” rating to a “sell” rating and reduced their target price for the stock from $29.00 to $27.00 in a research note on Wednesday, May 27th. Barclays increased their price objective on Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Invitation Home in a research note on Thursday, August 27th. JPMorgan Chase & Co. upped their target price on Invitation Home from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Finally, Citigroup reiterated a “buy” rating on shares of Invitation Home in a report on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.45.

Invitation Home Stock Performance

Shares of Invitation Home stock opened at $27.09 on Monday. The company has a 50 day moving average price of $29.34 and a 200 day moving average price of $28.33. The firm has a market capitalization of $16.00 billion, a P/E ratio of 24.85, a PEG ratio of 3.83 and a beta of 0.83. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. Invitation Home has a 52 week low of $24.25 and a 52 week high of $30.89.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.34. The company had revenue of $747.55 million for the quarter, compared to the consensus estimate of $731.13 million. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. Invitation Home’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Sell-side analysts expect that Invitation Home will post 1.9 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 24th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, September 24th. Invitation Home’s dividend payout ratio (DPR) is 110.09%.

Institutional Investors Weigh In On Invitation Home

Several hedge funds have recently modified their holdings of the company. Junto Capital Management LP purchased a new position in shares of Invitation Home in the 2nd quarter valued at about $59,101,000. Sequoia Financial Advisors LLC grew its holdings in Invitation Home by 76.1% in the second quarter. Sequoia Financial Advisors LLC now owns 32,029 shares of the company’s stock valued at $968,000 after purchasing an additional 13,840 shares during the period. WINTON GROUP Ltd grew its holdings in Invitation Home by 19.1% in the second quarter. WINTON GROUP Ltd now owns 84,300 shares of the company’s stock valued at $2,547,000 after purchasing an additional 13,546 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Invitation Home by 54.4% in the second quarter. Integrated Wealth Concepts LLC now owns 22,104 shares of the company’s stock valued at $668,000 after buying an additional 7,786 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Invitation Home by 219,850.0% in the second quarter. NewEdge Advisors LLC now owns 8,798 shares of the company’s stock valued at $266,000 after buying an additional 8,794 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

About Invitation Home

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.