Invitation Homes (NYSE:INVH) Price Target Cut to $35.00

Invitation Homes (NYSE:INVH) had its target price trimmed by Mizuho from $36.00 to $35.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also commented on INVH. Evercore ISI upped their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the company an outperform rating in a report on Monday, September 16th. Keefe, Bruyette & Woods lowered their price target on shares of Invitation Homes from $38.00 to $37.00 and set a market perform rating on the stock in a report on Tuesday, July 30th. Royal Bank of Canada lowered shares of Invitation Homes from an outperform rating to a sector perform rating and lowered their price target for the company from $37.00 to $36.00 in a report on Monday, September 9th. Bank of America lowered shares of Invitation Homes from a buy rating to a neutral rating and lowered their price target for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Finally, Scotiabank lowered their target price on shares of Invitation Homes from $38.00 to $37.00 and set a sector perform rating on the stock in a research note on Tuesday, September 10th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Invitation Homes has an average rating of Moderate Buy and an average price target of $39.00.

Invitation Homes Price Performance

NYSE INVH opened at $33.75 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The stock’s fifty day moving average price is $35.58 and its 200 day moving average price is $35.20. Invitation Homes has a 1 year low of $28.49 and a 1 year high of $37.80. The company has a market cap of $20.67 billion, a price-to-earnings ratio of 38.79, a PEG ratio of 4.71 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The firm had revenue of $653.45 million during the quarter, compared to analyst estimates of $654.70 million. As a group, equities research analysts forecast that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be issued a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.32%. Invitation Homes’s payout ratio is 128.74%.

Institutional Trading of Invitation Homes

Hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board increased its holdings in shares of Invitation Homes by 27.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after buying an additional 3,351,424 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Invitation Homes by 66.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock worth $185,038,000 after buying an additional 2,169,522 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Invitation Homes by 109.3% during the 1st quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock worth $40,644,000 after buying an additional 595,988 shares during the last quarter. Heitman Real Estate Securities LLC increased its holdings in shares of Invitation Homes by 26.0% during the 4th quarter. Heitman Real Estate Securities LLC now owns 2,318,954 shares of the company’s stock worth $79,100,000 after buying an additional 478,532 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Invitation Homes during the 1st quarter worth approximately $16,368,000. Institutional investors and hedge funds 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.