Invitation Homes Inc. (NYSE:INVH) Receives Average Recommendation of “Hold” from Brokerages

Shares of Invitation Homes Inc. (NYSE:INVH) have received a consensus rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $37.47.

Several research firms have recently weighed in on INVH. Keefe, Bruyette & Woods lifted their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays reissued an “overweight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Virtus ETF Advisers LLC lifted its holdings in Invitation Homes by 7.0% in the fourth quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company’s stock worth $157,000 after purchasing an additional 319 shares during the period. Snowden Capital Advisors LLC raised its position in shares of Invitation Homes by 2.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company’s stock worth $400,000 after buying an additional 319 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after acquiring an additional 329 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after acquiring an additional 378 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its stake in shares of Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock valued at $1,133,000 after acquiring an additional 408 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Down 4.4 %

INVH opened at $32.49 on Tuesday. Invitation Homes has a 12 month low of $30.13 and a 12 month high of $37.80. The business has a 50-day moving average of $32.84 and a two-hundred day moving average of $33.06. 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 stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of 45.76, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86.

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

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.57%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

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.