Invitation Homes (NYSE:INVH) Now Covered by Barclays

Barclays started coverage on shares of Invitation Homes (NYSE:INVH) in a research note released on Tuesday morning, MarketBeat.com reports. The firm issued an overweight rating and a $38.00 price target on the stock.

Several other analysts have also recently weighed in on the company. Mizuho reduced their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $37.00 to $38.00 in a research note on Monday, August 26th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Evercore ISI raised their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.70.

Invitation Homes Trading Down 2.2 %

Shares of INVH stock opened at $32.40 on Tuesday. Invitation Homes has a twelve month low of $31.01 and a twelve month high of $37.80. The stock’s fifty day simple moving average is $33.58 and its 200 day simple moving average is $34.89. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $19.85 billion, a P/E ratio of 45.63, a P/E/G ratio of 5.06 and a beta of 1.03.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.58%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, December 26th. Invitation Homes’s payout ratio is presently 163.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC raised its position in shares of Invitation Homes by 39.0% during the third quarter. Tidal Investments LLC now owns 22,878 shares of the company’s stock worth $807,000 after purchasing an additional 6,419 shares during the period. Sanctuary Advisors LLC raised its holdings in Invitation Homes by 146.7% during the third quarter. Sanctuary Advisors LLC now owns 14,213 shares of the company’s stock worth $482,000 after buying an additional 8,451 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Invitation Homes by 0.9% in the third quarter. Toronto Dominion Bank now owns 287,268 shares of the company’s stock valued at $10,129,000 after buying an additional 2,692 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in shares of Invitation Homes by 9,685.5% during the third quarter. Prestige Wealth Management Group LLC now owns 7,437 shares of the company’s stock valued at $264,000 after buying an additional 7,361 shares during the last quarter. Finally, Vestcor Inc increased its position in shares of Invitation Homes by 2.5% during the third quarter. Vestcor Inc now owns 150,696 shares of the company’s stock worth $5,314,000 after acquiring an additional 3,679 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

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.