Invitation Homes (NYSE:INVH) Stock Price Expected to Rise, Scotiabank Analyst Says

Invitation Homes (NYSE:INVH) had its price objective boosted by Scotiabank from $36.00 to $38.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a sector perform rating on the stock.

INVH has been the subject of a number of other reports. Royal Bank of Canada upped their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, May 2nd. Raymond James upped their price objective on shares of Invitation Homes from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Barclays boosted their target price on Invitation Homes from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.94.

Invitation Homes Stock Down 0.9%

INVH opened at $33.44 on Monday. Invitation Homes has a 12 month low of $29.37 and a 12 month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $33.66 and its 200-day moving average price is $32.85. The company has a market cap of $20.50 billion, a P/E ratio of 47.10, a P/E/G ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $674.48 million for the quarter, compared to analysts’ expectations of $663.77 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. On average, equities analysts expect that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.47%. Invitation Homes’s payout ratio is 150.65%.

Hedge Funds Weigh In On Invitation Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in INVH. Virtus ETF Advisers LLC grew its position in shares of Invitation Homes by 7.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company’s stock worth $157,000 after buying an additional 319 shares during the period. Snowden Capital Advisors LLC grew its holdings in Invitation Homes by 2.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company’s stock worth $400,000 after purchasing an additional 319 shares during the period. Lindbrook Capital LLC grew its holdings in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of Invitation Homes by 5.0% during the first quarter. Horizon Investments LLC now owns 8,182 shares of the company’s stock valued at $285,000 after purchasing an additional 386 shares during the last quarter. Hedge funds and other 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.