Invitation Homes Inc. (NYSE:INVH) Given Consensus Rating of “Moderate Buy” by Analysts

Invitation Homes Inc. (NYSE:INVH) has received a consensus rating of “Moderate Buy” from the nineteen research firms that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $38.79.

Several equities analysts recently commented on INVH shares. Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Royal Bank of Canada lowered their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Barclays began coverage on Invitation Homes in a research report on Tuesday, December 17th. They set an “overweight” rating and a $38.00 target price for the company. Finally, Evercore ISI raised their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th.

Invitation Homes Stock Down 1.0 %

INVH stock opened at $32.29 on Friday. The stock has a 50-day simple moving average of $33.38 and a two-hundred day simple moving average of $34.76. Invitation Homes has a twelve month low of $31.01 and a twelve month high of $37.80. The firm has a market capitalization of $19.78 billion, a PE ratio of 45.48, a PEG ratio of 5.06 and a beta of 1.03. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be paid a $0.29 dividend. The ex-dividend date is Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.59%. Invitation Homes’s payout ratio is currently 163.38%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INVH. JPMorgan Chase & Co. raised its holdings in Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after buying an additional 1,089,281 shares during the last quarter. Tidal Investments LLC grew its holdings in Invitation Homes by 39.0% in the 3rd quarter. Tidal Investments LLC now owns 22,878 shares of the company’s stock worth $807,000 after acquiring an additional 6,419 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Invitation Homes by 146.7% in the third quarter. Sanctuary Advisors LLC now owns 14,213 shares of the company’s stock valued at $482,000 after acquiring an additional 8,451 shares during the period. Toronto Dominion Bank raised its stake in shares of Invitation Homes by 0.9% during the third quarter. Toronto Dominion Bank now owns 287,268 shares of the company’s stock valued at $10,129,000 after acquiring an additional 2,692 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of Invitation Homes by 9,685.5% during the third quarter. Prestige Wealth Management Group LLC now owns 7,437 shares of the company’s stock worth $264,000 after purchasing an additional 7,361 shares during the period. 96.79% of the stock is owned by institutional investors.

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.