Invitation Homes (NYSE:INVH) Rating Lowered to In-Line at Evercore ISI

Invitation Homes (NYSE:INVH) was downgraded by stock analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a report released on Monday, Benzinga reports.

A number of other equities analysts also recently weighed in on INVH. TheStreet downgraded Invitation Homes from a “c” rating to a “d+” rating in a research report on Friday, February 15th. BTIG Research set a $27.00 price target on Invitation Homes and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Raymond James boosted their price target on Invitation Homes from $27.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Invitation Homes currently has a consensus rating of “Buy” and an average price target of $26.50.

Shares of NYSE INVH opened at $26.94 on Monday. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 117.13, a price-to-earnings-growth ratio of 2.66 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.68 and a current ratio of 0.68. Invitation Homes has a twelve month low of $19.21 and a twelve month high of $26.95.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The business had revenue of $435.50 million for the quarter, compared to analyst estimates of $434.60 million. Invitation Homes had a return on equity of 1.10% and a net margin of 1.89%. Invitation Homes’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. On average, analysts anticipate that Invitation Homes will post 1.25 earnings per share for the current fiscal year.

In other news, Director Barry S. Sternlicht sold 3,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $23.22, for a total value of $69,660,000.00. Following the transaction, the director now owns 5,482 shares of the company’s stock, valued at $127,292.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Brep Ih6 Holdings Llc sold 40,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $25.21, for a total value of $1,008,400,000.00. The disclosure for this sale can be found here. Insiders sold 83,029,925 shares of company stock worth $2,007,603,038 in the last ninety days. 0.25% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of INVH. Cohen & Steers Inc. grew its position in Invitation Homes by 11.8% during the fourth quarter. Cohen & Steers Inc. now owns 38,017,950 shares of the company’s stock worth $763,400,000 after buying an additional 4,011,363 shares in the last quarter. Norges Bank acquired a new stake in Invitation Homes during the fourth quarter worth approximately $69,745,000. BlackRock Inc. grew its position in Invitation Homes by 11.4% during the first quarter. BlackRock Inc. now owns 28,528,818 shares of the company’s stock worth $694,106,000 after buying an additional 2,926,081 shares in the last quarter. Zimmer Partners LP grew its position in Invitation Homes by 58.2% during the fourth quarter. Zimmer Partners LP now owns 7,874,801 shares of the company’s stock worth $158,126,000 after buying an additional 2,896,804 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Invitation Homes by 13.5% during the first quarter. Principal Financial Group Inc. now owns 23,416,592 shares of the company’s stock worth $569,726,000 after buying an additional 2,783,568 shares in the last quarter.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family rental homes, 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.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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