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

Shares of Invitation Homes Inc. (NYSE:INVH) have been given an average rating of “Hold” by the seventeen analysts that are presently covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $37.47.

Several analysts recently issued reports on INVH shares. Keefe, Bruyette & Woods cut their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Barclays cut their target price on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd.

Institutional Investors Weigh In On Invitation Homes

A number of institutional investors have recently added to or reduced their stakes in the company. Gallagher Fiduciary Advisors LLC grew its position in Invitation Homes by 7.4% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 8,608 shares of the company’s stock worth $275,000 after buying an additional 595 shares in the last quarter. DoubleLine ETF Adviser LP grew its position in Invitation Homes by 1.2% during the fourth quarter. DoubleLine ETF Adviser LP now owns 41,021 shares of the company’s stock worth $1,311,000 after buying an additional 473 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Invitation Homes by 107.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,942 shares of the company’s stock worth $925,000 after buying an additional 14,979 shares in the last quarter. Adelante Capital Management LLC grew its position in Invitation Homes by 3.9% during the fourth quarter. Adelante Capital Management LLC now owns 718,041 shares of the company’s stock worth $22,955,000 after buying an additional 27,133 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in Invitation Homes by 693.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 691,792 shares of the company’s stock worth $22,117,000 after buying an additional 604,588 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $31.44 on Monday. 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 has a 1 year low of $30.13 and a 1 year high of $37.80. The business has a fifty day simple moving average of $31.63 and a 200 day simple moving average of $33.64. The firm has a market cap of $19.26 billion, a price-to-earnings ratio of 44.29, a P/E/G ratio of 4.62 and a beta of 1.04.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.69%. Invitation Homes’s dividend payout ratio (DPR) is 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.