Invitation Homes Inc. (NYSE:INVH) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Invitation Homes Inc. (NYSE:INVH) have received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $38.79.

Several equities research analysts recently commented on INVH shares. Scotiabank cut 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. Keefe, Bruyette & Woods cut 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 research note on Wednesday, November 6th. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. 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 report on Friday, November 1st. Finally, Barclays initiated coverage on Invitation Homes in a report on Tuesday, December 17th. They set an “overweight” rating and a $38.00 target price for the company.

Invitation Homes Stock Down 0.6 %

Invitation Homes stock opened at $32.10 on Friday. 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 stock has a market capitalization of $19.66 billion, a PE ratio of 45.21, a price-to-earnings-growth ratio of 5.03 and a beta of 1.03. The business has a 50 day simple moving average of $33.30 and a 200-day simple moving average of $34.72. Invitation Homes has a 12 month low of $31.01 and a 12 month high of $37.80.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 157.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in Invitation Homes by 0.8% during the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after purchasing an additional 298,307 shares during the period. FMR LLC increased its holdings in shares of Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after buying an additional 753,464 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Invitation Homes by 0.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after buying an additional 128,000 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after buying an additional 997,353 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after acquiring an additional 170,374 shares during the last quarter. Institutional investors and hedge funds 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.