Invitation Homes (NYSE:INVH) Receives In-Line Rating from Evercore ISI

Invitation Homes (NYSE:INVH)‘s stock had its “in-line” rating restated by analysts at Evercore ISI in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $38.00 price objective on the stock. Evercore ISI’s price objective would indicate a potential upside of 11.34% from the company’s previous close.

Other analysts also recently issued research reports about the company. BTIG Research downgraded Invitation Homes from a “buy” rating to a “neutral” rating in a research report on Thursday, August 17th. Morgan Stanley boosted their price objective on shares of Invitation Homes from $36.50 to $38.00 and gave the stock an “overweight” rating in a report on Friday, September 1st. Barclays increased their target price on shares of Invitation Homes from $38.00 to $41.00 in a report on Wednesday, May 31st. Raymond James boosted their price target on shares of Invitation Homes from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, August 28th. Finally, 51job reaffirmed a “maintains” rating on shares of Invitation Homes in a research note on Monday, June 26th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.47.

Invitation Homes Price Performance

Shares of NYSE:INVH traded down $0.55 during trading on Tuesday, reaching $34.13. The company had a trading volume of 492,632 shares, compared to its average volume of 2,911,232. The company has a fifty day moving average of $34.63 and a two-hundred day moving average of $33.47. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $20.89 billion, a P/E ratio of 48.04, a price-to-earnings-growth ratio of 2.72 and a beta of 0.91. Invitation Homes has a 12 month low of $28.52 and a 12 month high of $36.60.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, July 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.22). Invitation Homes had a net margin of 18.70% and a return on equity of 4.25%. The firm had revenue of $600.37 million during the quarter, compared to the consensus estimate of $599.45 million. Equities research analysts forecast that Invitation Homes will post 1.74 earnings per share for the current year.

Institutional Trading of Invitation Homes

Several large investors have recently added to or reduced their stakes in the stock. Twin Tree Management LP purchased a new stake in shares of Invitation Homes in the 1st quarter worth about $27,000. Coppell Advisory Solutions Corp. bought a new position in Invitation Homes in the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC purchased a new stake in Invitation Homes in the second quarter worth about $31,000. Ameritas Advisory Services LLC bought a new stake in Invitation Homes during the 1st quarter valued at approximately $31,000. Finally, OLD Mission Capital LLC purchased a new position in shares of Invitation Homes during the 4th quarter worth approximately $30,000. Institutional investors own 96.79% of the company’s stock.

About Invitation Homes

Invitation Homes, an S&P 500 company, 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.