Invitation Homes Inc. (NYSE:INVH) Receives Consensus Rating of “Moderate Buy” from Analysts

Invitation Homes Inc. (NYSE:INVH) has received a consensus recommendation of “Moderate Buy” from the twenty analysts that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $38.80.

A number of equities analysts have recently commented on the company. Royal Bank of Canada cut their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Keefe, Bruyette & Woods reduced their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. UBS Group lifted their price objective on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $37.00 to $38.00 in a research report on Monday, August 26th.

Invitation Homes Stock Performance

NYSE:INVH opened at $34.25 on Wednesday. Invitation Homes has a 1 year low of $31.01 and a 1 year high of $37.80. The business has a fifty day simple moving average of $33.91 and a two-hundred day simple moving average of $34.98. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $20.98 billion, a P/E ratio of 48.24, a P/E/G ratio of 5.21 and a beta of 1.02.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.27%. Invitation Homes’s dividend payout ratio (DPR) is 157.75%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in shares of Invitation Homes by 39.0% during the 3rd quarter. Tidal Investments LLC now owns 22,878 shares of the company’s stock valued at $807,000 after purchasing an additional 6,419 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of 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 acquiring an additional 8,451 shares during the period. Toronto Dominion Bank increased its holdings in Invitation Homes by 0.9% during 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 during the period. Prestige Wealth Management Group LLC increased its holdings in 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 period. Finally, Vestcor Inc boosted its stake in Invitation Homes by 2.5% in the third quarter. Vestcor Inc now owns 150,696 shares of the company’s stock valued at $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.