Invitation Home (NYSE:INVH) Hits New 12-Month Low on Analyst Downgrade

Invitation Home (NYSE:INVH)’s share price hit a new 52-week low on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $38.00 to $37.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Invitation Home traded as low as $27.32 and last traded at $27.4750, with a volume of 704548 shares. The stock had previously closed at $27.54.

INVH has been the subject of a number of other reports. Barclays dropped their price target on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Scotiabank dropped their price objective on Invitation Home from $36.00 to $31.00 and set a “sector perform” rating for the company in a report on Monday, November 10th. Evercore ISI cut their target price on Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price target on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.09.

Hedge Funds Weigh In On Invitation Home

A number of institutional investors have recently modified their holdings of INVH. Norges Bank acquired a new stake in Invitation Home in the second quarter valued at about $1,693,992,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Invitation Home by 1,019.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company’s stock worth $214,415,000 after acquiring an additional 5,603,077 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Invitation Home in the 1st quarter valued at approximately $148,870,000. UBS Group AG grew its holdings in shares of Invitation Home by 101.4% during the 3rd quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock valued at $145,966,000 after purchasing an additional 2,505,909 shares during the last quarter. Finally, Amundi increased its position in Invitation Home by 169.0% during the 3rd quarter. Amundi now owns 3,296,876 shares of the company’s stock worth $93,038,000 after purchasing an additional 2,071,407 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Stock Performance

The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 2.89 and a beta of 0.81. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average is $28.74 and its 200-day moving average is $31.06.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The firm had revenue of $688.17 million for the quarter, compared to analysts’ expectations of $679.41 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, analysts predict that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s dividend payout ratio is presently 122.11%.

About Invitation Home

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.