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

Shares of Invitation Homes Inc. (NYSE:INVH) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $38.19.

A number of research analysts have issued reports on INVH shares. Citigroup reiterated a “neutral” rating and set a $39.00 price target on shares of Invitation Homes in a research report on Friday, March 22nd. Evercore ISI restated an “in-line” rating and issued a $36.00 price objective on shares of Invitation Homes in a report on Monday, March 18th. BNP Paribas initiated coverage on Invitation Homes in a report on Monday, January 22nd. They issued an “outperform” rating and a $39.00 price objective for the company. Jefferies Financial Group upgraded Invitation Homes from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $41.00 in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Invitation Homes in a report on Thursday, February 15th.

Insider Activity at Invitation Homes

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the transaction, the chief financial officer now owns 37,037 shares of the company’s stock, valued at approximately $1,287,035.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Invitation Homes

A number of hedge funds have recently modified their holdings of INVH. Norges Bank acquired a new position in shares of Invitation Homes in the 4th quarter worth approximately $1,346,883,000. JPMorgan Chase & Co. raised its holdings in shares of Invitation Homes by 78.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,553,036 shares of the company’s stock worth $569,424,000 after buying an additional 7,252,150 shares in the last quarter. State Street Corp raised its holdings in shares of Invitation Homes by 12.8% in the 1st quarter. State Street Corp now owns 29,070,728 shares of the company’s stock worth $1,168,062,000 after buying an additional 3,310,121 shares in the last quarter. Boston Partners acquired a new stake in Invitation Homes during the 4th quarter valued at $105,282,000. Finally, Vanguard Group Inc. increased its holdings in Invitation Homes by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock valued at $3,481,574,000 after purchasing an additional 2,784,696 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $35.60 on Friday. Invitation Homes has a twelve month low of $28.49 and a twelve month high of $36.53. The company has a market capitalization of $21.79 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.94. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The business has a 50 day simple moving average of $33.81 and a 200-day simple moving average of $33.22.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The business had revenue of $624.32 million for the quarter, compared to analyst estimates of $623.51 million. As a group, equities research analysts expect that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Thursday, March 28th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.15%. Invitation Homes’s payout ratio is 133.33%.

Invitation Homes Company Profile

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.