Brokerages Set Invitation Homes Inc. (NYSE:INVH) Price Target at $38.19

Shares of Invitation Homes Inc. (NYSE:INVH) have received an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $38.19.

Several analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, March 7th. Evercore ISI restated an “in-line” rating and set a $36.00 target price on shares of Invitation Homes in a research note on Monday, March 18th. Morgan Stanley decreased their target price on Invitation Homes from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, December 26th. Citigroup restated a “neutral” rating and set a $39.00 target price on shares of Invitation Homes in a research note on Friday, March 22nd. Finally, Raymond James increased 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.

Insider Transactions at Invitation Homes

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

Hedge Funds Weigh In On Invitation Homes

Several institutional investors have recently bought and sold shares of the business. Naviter Wealth LLC raised its position in Invitation Homes by 6.1% in the 1st quarter. Naviter Wealth LLC now owns 38,966 shares of the company’s stock valued at $1,398,000 after purchasing an additional 2,238 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Invitation Homes by 31.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,227 shares of the company’s stock valued at $2,430,000 after purchasing an additional 16,516 shares during the last quarter. Guidance Capital Inc. bought a new position in Invitation Homes in the 1st quarter valued at $827,000. New England Research & Management Inc. raised its position in Invitation Homes by 1.7% in the 1st quarter. New England Research & Management Inc. now owns 36,694 shares of the company’s stock valued at $1,307,000 after purchasing an additional 600 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its position in Invitation Homes by 2.3% in the 1st quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock valued at $495,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH stock opened at $33.41 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The stock’s 50-day moving average is $34.21 and its two-hundred day moving average is $33.33. The firm has a market cap of $20.46 billion, a P/E ratio of 39.77, a PEG ratio of 1.96 and a beta of 0.94.

Invitation Homes (NYSE:INVH) last issued its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The firm had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Analysts predict that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Thursday, March 28th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.35%. Invitation Homes’s payout ratio is presently 133.33%.

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.