Invitation Homes (NYSE:INVH) PT Lowered to $39.00

Invitation Homes (NYSE:INVHGet Rating) had its price target decreased by equities research analysts at Evercore ISI from $41.00 to $39.00 in a research note issued on Monday, The Fly reports. Evercore ISI’s price target points to a potential upside of 5.81% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Oppenheimer began coverage on Invitation Homes in a report on Monday, July 18th. They set a “market perform” rating and a $39.00 price target on the stock. Morgan Stanley raised their price target on Invitation Homes from $40.50 to $45.00 and gave the company an “overweight” rating in a report on Thursday, August 25th. Mizuho decreased their price target on Invitation Homes from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, July 6th. Raymond James reissued a “strong-buy” rating and set a $44.00 price target (down from $48.00) on shares of Invitation Homes in a report on Thursday, June 23rd. Finally, KeyCorp decreased their price target on Invitation Homes from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, June 28th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.29.

Invitation Homes Price Performance

Shares of Invitation Homes stock opened at $36.86 on Monday. Invitation Homes has a one year low of $33.15 and a one year high of $45.80. The stock’s fifty day moving average is $37.60 and its 200 day moving average is $38.13. The stock has a market cap of $22.50 billion, a P/E ratio of 64.67, a P/E/G ratio of 3.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.10 and a current ratio of 0.10.

Invitation Homes (NYSE:INVHGet Rating) last announced its earnings results on Wednesday, July 27th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). Invitation Homes had a return on equity of 3.66% and a net margin of 16.37%. The company had revenue of $557.30 million during the quarter, compared to the consensus estimate of $548.52 million. Sell-side analysts anticipate that Invitation Homes will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank grew its position in Invitation Homes by 18.0% in the first quarter. Swiss National Bank now owns 2,584,757 shares of the company’s stock worth $103,856,000 after acquiring an additional 393,700 shares in the last quarter. Appleton Partners Inc. MA lifted its stake in Invitation Homes by 7.5% in the first quarter. Appleton Partners Inc. MA now owns 15,210 shares of the company’s stock worth $611,000 after purchasing an additional 1,055 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Invitation Homes by 162.3% during the first quarter. Bank of Montreal Can now owns 1,025,493 shares of the company’s stock valued at $41,963,000 after acquiring an additional 634,559 shares in the last quarter. Xponance Inc. raised its stake in shares of Invitation Homes by 5.8% during the first quarter. Xponance Inc. now owns 6,835 shares of the company’s stock valued at $275,000 after acquiring an additional 373 shares in the last quarter. Finally, Oak Thistle LLC raised its stake in Invitation Homes by 138.2% in the first quarter. Oak Thistle LLC now owns 14,061 shares of the company’s stock worth $565,000 after buying an additional 8,157 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

About Invitation Homes

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Invitation Homes is the nation's premier single-family home leasing 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.

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