Invitation Homes (NYSE:INVH) Downgraded to Equal Weight Rating by Morgan Stanley

Morgan Stanley lowered shares of Invitation Homes (NYSE:INVH) from an overweight rating to an equal weight rating in a research note issued to investors on Friday morning, MarketBeat.com reports. Morgan Stanley currently has $35.00 price objective on the stock, down from their previous price objective of $39.00.

Several other research analysts have also weighed in on the stock. Mizuho decreased their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Royal Bank of Canada lowered their target price on shares of 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. Barclays initiated coverage on shares of Invitation Homes in a report on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Trading Up 0.1 %

NYSE INVH opened at $30.54 on Friday. Invitation Homes has a 52 week low of $30.13 and a 52 week high of $37.80. The stock has a market cap of $18.71 billion, a P/E ratio of 43.02, a PEG ratio of 4.51 and a beta of 1.04. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $32.42 and its 200-day simple moving average is $34.09.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a $0.29 dividend. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio is presently 163.38%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Paladin Wealth LLC acquired a new position in shares of Invitation Homes in the third quarter valued at $40,000. Assetmark Inc. grew its holdings in shares of Invitation Homes by 1,664.9% during the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after purchasing an additional 1,232 shares during the last quarter. Brooklyn Investment Group bought a new stake in Invitation Homes during the 3rd quarter worth about $49,000. Huntington National Bank raised its position in shares of Invitation Homes by 53.2% during the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after acquiring an additional 699 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of Invitation Homes during the third quarter valued at $74,000. 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.