Keefe, Bruyette & Woods Issues Positive Forecast for Invitation Homes (NYSE:INVH) Stock Price

Invitation Homes (NYSE:INVH) had its price target hoisted by Keefe, Bruyette & Woods from $35.00 to $36.00 in a report released on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Barclays decreased their price target on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $37.53.

Invitation Homes Trading Up 0.6 %

NYSE:INVH opened at $34.09 on Wednesday. Invitation Homes has a 1 year low of $30.13 and a 1 year high of $37.80. The stock’s fifty day moving average price is $31.59 and its two-hundred day moving average price is $33.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $20.88 billion, a P/E ratio of 48.01, a P/E/G ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. As a group, analysts expect that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.40%. Invitation Homes’s dividend payout ratio is currently 158.90%.

Institutional Investors Weigh In On Invitation Homes

Several institutional investors have recently added to or reduced their stakes in INVH. Phocas Financial Corp. bought a new stake in Invitation Homes in the fourth quarter valued at $265,000. Siemens Fonds Invest GmbH lifted its position in shares of Invitation Homes by 201.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 19,291 shares of the company’s stock worth $617,000 after purchasing an additional 12,891 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Invitation Homes during the 4th quarter valued at about $67,743,000. Toronto Dominion Bank increased its position in shares of Invitation Homes by 6.6% during the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company’s stock valued at $9,794,000 after buying an additional 19,084 shares during the period. Finally, GF Fund Management CO. LTD. bought a new position in Invitation Homes in the fourth quarter worth about $338,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Company Profile

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.