Invitation Homes (NYSE:INVH) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of Invitation Homes (NYSE:INVH) in a research note released on Tuesday, Marketbeat reports. The brokerage issued an overweight rating and a $38.00 price objective on the stock.

INVH has been the topic of a number of other research reports. Bank of America downgraded Invitation Homes from a “buy” rating to a “neutral” rating and cut their target price for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Evercore ISI raised their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada lowered their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Finally, The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target for the company. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.70.

Invitation Homes Stock Performance

NYSE INVH opened at $32.40 on Tuesday. The company has a fifty day moving average price of $33.58 and a 200-day moving average price of $34.89. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 45.63, a PEG ratio of 5.06 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes has a 1 year low of $31.01 and a 1 year high of $37.80.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.58%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 163.38%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bank of Montreal Can raised its holdings in shares of Invitation Homes by 18.0% in the 2nd quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock valued at $19,566,000 after acquiring an additional 83,142 shares in the last quarter. Swedbank AB raised its stake in Invitation Homes by 25.1% in the third quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after purchasing an additional 115,211 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Invitation Homes during the third quarter valued at approximately $3,825,000. Andra AP fonden lifted its position in Invitation Homes by 64.4% during the second quarter. Andra AP fonden now owns 294,400 shares of the company’s stock valued at $10,566,000 after purchasing an additional 115,300 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock worth $2,508,000 after buying an additional 61,973 shares during the last quarter. 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 and management 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.