Invitation Homes (NYSE:INVH) Sets New 1-Year Low – Time to Sell?

Invitation Homes Inc. (NYSE:INVH)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $30.78 and last traded at $30.97, with a volume of 2183145 shares traded. The stock had previously closed at $31.19.

Analysts Set New Price Targets

A number of brokerages recently commented on INVH. Royal Bank of Canada dropped their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Keefe, Bruyette & Woods decreased their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI boosted their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. JMP Securities restated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.29.

Invitation Homes Stock Performance

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 business has a 50 day moving average price of $32.94 and a two-hundred day moving average price of $34.49. The stock has a market cap of $18.78 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 5.03 and a beta of 1.04.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.78%. 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 dividend payout ratio (DPR) is 163.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after buying an additional 4,883,564 shares during the period. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 1,089,281 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings 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 worth $414,264,000 after acquiring an additional 997,353 shares during the period. National Bank of Canada FI raised its position in shares of Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock worth $40,362,000 after acquiring an additional 780,760 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares during the period. Institutional investors 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.