Invitation Homes (NYSE:INVH) Price Target Cut to $35.00 by Analysts at Keefe, Bruyette & Woods

Invitation Homes (NYSE:INVH) had its price target decreased by Keefe, Bruyette & Woods from $37.00 to $35.00 in a research report report published on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other research analysts have also recently commented on INVH. Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Scotiabank decreased their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. UBS Group raised their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target for the company. Finally, Mizuho decreased their price target 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. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Invitation Homes has an average rating of “Moderate Buy” and an average price target of $38.80.

Invitation Homes Trading Up 0.2 %

Shares of INVH traded up $0.08 during midday trading on Wednesday, hitting $33.44. The stock had a trading volume of 1,130,414 shares, compared to its average volume of 3,373,075. Invitation Homes has a fifty-two week low of $31.01 and a fifty-two week high of $37.80. The business has a 50-day simple moving average of $34.77 and a two-hundred day simple moving average of $35.06. The firm has a market cap of $20.49 billion, a P/E ratio of 46.99, a price-to-earnings-growth ratio of 4.50 and a beta of 1.02. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.35%. Invitation Homes’s dividend payout ratio is currently 157.75%.

Institutional Trading of Invitation Homes

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank increased its stake in shares of Invitation Homes by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,817,816 shares of the company’s stock valued at $64,096,000 after acquiring an additional 6,000 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Invitation Homes by 25.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 372,608 shares of the company’s stock valued at $13,139,000 after purchasing an additional 76,058 shares during the period. Empowered Funds LLC grew its position in shares of Invitation Homes by 7.5% in the 3rd quarter. Empowered Funds LLC now owns 10,776 shares of the company’s stock valued at $380,000 after purchasing an additional 754 shares during the period. CIBC Asset Management Inc grew its position in shares of Invitation Homes by 7.3% in the 3rd quarter. CIBC Asset Management Inc now owns 84,276 shares of the company’s stock valued at $2,972,000 after purchasing an additional 5,769 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in shares of Invitation Homes by 7.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,384 shares of the company’s stock valued at $683,000 after purchasing an additional 1,300 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.