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

Invitation Homes Inc. (NYSE:INVH) has earned an average rating of “Hold” from the sixteen analysts that are covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $37.75.

A number of research firms recently issued reports on INVH. Keefe, Bruyette & Woods lowered their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. 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 for the company in a report on Friday, November 1st. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Barclays began coverage on shares of Invitation Homes in a report on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $41.00 to $33.00 in a report on Tuesday.

Institutional Investors Weigh In On Invitation Homes

Institutional investors and hedge funds have recently bought and sold shares of the business. Orion Portfolio Solutions LLC purchased a new stake in Invitation Homes during the third quarter valued at about $263,000. Swedbank AB lifted its stake in Invitation Homes by 25.1% during the third quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after buying an additional 115,211 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Invitation Homes during the third quarter valued at about $3,825,000. Bank of Montreal Can lifted its stake in Invitation Homes by 18.0% during the second quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock valued at $19,566,000 after buying an additional 83,142 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Invitation Homes by 696.9% during the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock valued at $2,508,000 after buying an additional 61,973 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

Shares of NYSE INVH opened at $30.75 on Thursday. The company has a market cap of $18.84 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 4.59 and a beta of 1.04. Invitation Homes has a 12 month low of $30.13 and a 12 month high of $37.80. 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 50-day simple moving average of $32.55 and a 200-day simple moving average of $34.15.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.77%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio is presently 163.38%.

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.