INVH has been the subject of several recent analyst reports. Evercore ISI set a $42.00 target price on Invitation Homes in a research note on Monday, June 20. Goldman Sachs Group raised its price target on Invitation Homes from $40.50 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Raymond James reformulated a “strong buy” rating and set a $44.00 price target (down from $48.00) for Invitation Homes shares in a research report on Thursday, June 23rd. Mizuho lowered its price target on Invitation Homes from $45.00 to $44.00 and assigned the company a “buy” rating in a research report on Wednesday, July 6th. Finally, Jefferies Financial Group lowered its price target on Invitation Homes from $44.00 to $41.00 and assigned a “buy” rating to the company in a research report on Thursday, June 30.
house price performance call
New York Stock Exchange: INVH opened at $36.86 on Monday. The 50-day moving average is $37.60 and the 200-day moving average is $38.13. The company’s debt-to-equity ratio is 0.53, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market capitalization of $22.50 billion, a PE ratio of 64.67, a P/E/G ratio of 3.30 and a beta of 0.90. Invitation Homes has a one-year low of $33.15 and a one-year high of $45.80.
Invitation Homes (NYSE: INVH – Get Rating) published its latest earnings results on Wednesday, July 27. The company reported earnings of $0.18 per share (EPS) for the quarter, topping the consensus estimate of $0.40 ($0.22). The company generated $557.30 million in revenue for the quarter, compared to analysts’ estimates of $548.52 million. Invitation Homes has a return on equity of 3.66% and a net margin of 16.37%. Equity research analysts expect Invitation Homes to post 1.65 earnings per share for the current fiscal year.
Invitation Homes announces dividends
The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Tuesday, August 9th received a dividend of $0.22 per share. This represents a dividend of $0.88 year-over-year and a return of 2.39%. The ex-dividend date was Monday, August 8th. Invitation Homes’ dividend payout ratio (DPR) is 154.39%.
Institutional trade for invitations houses
A number of institutional investors have recently bought and sold shares of INVH. Swiss National Bank boosted its position in shares of Invitation Homes by 18.0% during the first quarter. Swiss National Bank now owns 2,584,757 shares of the company’s stock, valued at $103,856,000 after purchasing an additional 393,700 shares in the last quarter. Appleton Partners Inc. MA positioned shares of Invitation Homes by 7.5% during the first quarter. Appleton Partners Inc. MA now owns 15,210 shares of the company’s stock, valued at $611,000, after purchasing an additional 1,055 shares in the last quarter. The Bank of Montreal was able to increase its position in Invitation Homes by 162.3% in the first quarter. Banque de Montreal Cannes now owns 1,025,493 shares of the company’s stock valued at $41,963,000 after acquiring an additional 634,559 shares during the period. Xponance strengthened its position in Invitation Homes by 5.8% in the first quarter. Xponance now owns 6,835 shares of the company’s stock valued at $275,000 after acquiring an additional 373 shares during this period. Finally, Oak Thistle LLC boosted its position in Invitation Homes by 138.2% in the first quarter. Oak Thistle LLC now owns 14,061 shares of the company’s stock valued at $565,000 after acquiring an additional 8,157 shares during the period. 95.52% of the shares are owned by hedge funds and other institutional investors.
About Invitation Homes
Invitation Homes is the leading single-family home rental company in the country, catering to changing lifestyle demands by providing access to high-quality updated homes with valuable features such as proximity to jobs and access to quality schools. The company’s mission, “With You, We Make Home a Home”, reflects its commitment to providing homes in which individuals and families can thrive, and a high-touch service that continually enhances residents’ living experiences.
This instant news alert was created by narrative science technology and MarketBeat financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the Editorial Team at MarketBeat prior to publication. Please send any questions or comments about this story to [email protected]
Before you even consider Invitation Homes, you’ll want to hear this.
MarketBeat tracks the top-rated and best-performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market hunts… Invitation Homes weren’t on the list.
While Invitation Homes currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are a better buy.
View the five stocks here