Invitation Homes (INVH) Upgraded at TheStreet

TheStreet upgraded shares of Invitation Homes (NYSE:INVH) from a d+ rating to a c rating in a report released on Tuesday.

Separately, Raymond James boosted their price objective on Invitation Homes from $26.00 to $27.00 and gave the stock a buy rating in a research note on Tuesday, August 21st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Invitation Homes has an average rating of Buy and a consensus price target of $25.83.

NYSE:INVH opened at $21.67 on Tuesday. Invitation Homes has a 12 month low of $20.25 and a 12 month high of $24.30. The company has a quick ratio of 0.75, a current ratio of 0.47 and a debt-to-equity ratio of 1.12. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 83.35, a PEG ratio of 3.16 and a beta of 0.03.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.29 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Invitation Homes had a negative return on equity of 0.56% and a negative net margin of 4.71%. The company had revenue of $434.20 million during the quarter, compared to analyst estimates of $436.18 million. During the same period in the previous year, the business earned $0.20 EPS. Invitation Homes’s quarterly revenue was up 78.3% on a year-over-year basis. Equities research analysts forecast that Invitation Homes will post 1.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.44 annualized dividend and a yield of 2.03%. Invitation Homes’s dividend payout ratio (DPR) is currently 169.23%.

In other Invitation Homes news, Director Barry S. Sternlicht sold 1,309,849 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $23.55, for a total transaction of $30,846,943.95. Following the completion of the sale, the director now directly owns 5,482 shares in the company, valued at approximately $129,101.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Invitation Homes by 2.8% in the second quarter. BlackRock Inc. now owns 23,321,211 shares of the company’s stock valued at $537,788,000 after purchasing an additional 629,425 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Invitation Homes by 5.2% in the first quarter. Principal Financial Group Inc. now owns 22,203,550 shares of the company’s stock valued at $506,907,000 after purchasing an additional 1,099,007 shares in the last quarter. Cbre Clarion Securities LLC grew its position in shares of Invitation Homes by 5.8% in the second quarter. Cbre Clarion Securities LLC now owns 12,378,674 shares of the company’s stock valued at $285,452,000 after purchasing an additional 682,379 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Invitation Homes by 34.6% in the third quarter. Daiwa Securities Group Inc. now owns 10,095,740 shares of the company’s stock valued at $231,294,000 after purchasing an additional 2,594,695 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Invitation Homes by 0.3% in the third quarter. Wells Fargo & Company MN now owns 7,489,198 shares of the company’s stock valued at $171,577,000 after purchasing an additional 24,190 shares in the last quarter.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for Invitation Homes (NYSE:INVH)

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