Analysts Set Invitation Homes Inc. (NYSE:INVH) Target Price at $38.19

Invitation Homes Inc. (NYSE:INVH) has received a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $38.19.

INVH has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Invitation Homes in a report on Thursday, February 15th. Evercore ISI reaffirmed an “in-line” rating and issued a $36.00 target price on shares of Invitation Homes in a report on Monday, March 18th. Morgan Stanley reduced their target price on Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, December 26th. Oppenheimer raised their target price on Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Finally, Citigroup reiterated a “neutral” rating and issued a $39.00 price target on shares of Invitation Homes in a research note on Friday, March 22nd.

Invitation Homes Trading Up 1.0 %

Shares of NYSE:INVH opened at $33.41 on Tuesday. The company has a market capitalization of $20.46 billion, a P/E ratio of 39.77, a P/E/G ratio of 1.96 and a beta of 0.94. Invitation Homes has a 1 year low of $28.49 and a 1 year high of $36.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. The business’s 50 day simple moving average is $34.21 and its 200 day simple moving average is $33.33.

Invitation Homes (NYSE:INVH) last issued its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. On average, research analysts anticipate that Invitation Homes will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Thursday, March 28th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.35%. The ex-dividend date is Wednesday, March 27th. Invitation Homes’s dividend payout ratio is currently 133.33%.

Insider Buying and Selling

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the transaction, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at approximately $1,287,035.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. bought a new position in Invitation Homes during the 4th quarter worth $27,000. Coppell Advisory Solutions LLC acquired a new position in shares of Invitation Homes in the 2nd quarter valued at about $31,000. Clear Street Markets LLC boosted its position in shares of Invitation Homes by 117.4% during the 4th quarter. Clear Street Markets LLC now owns 1,089 shares of the company’s stock valued at $32,000 after purchasing an additional 588 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in Invitation Homes during the fourth quarter worth approximately $46,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after purchasing an additional 1,061 shares during the period. 96.79% of the stock is owned by institutional investors.

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.