Morgan Stanley Cuts Invitation Home (NYSE:INVH) Price Target to $34.00

Invitation Home (NYSE:INVH) had its price objective trimmed by Morgan Stanley from $35.00 to $34.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a research note on Friday, October 17th. Oppenheimer set a $38.00 price target on shares of Invitation Home and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Finally, Barclays lowered their target price on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Invitation Home presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.15.

Invitation Home Stock Up 0.4%

Shares of Invitation Home stock opened at $28.38 on Thursday. Invitation Home has a one year low of $27.38 and a one year high of $35.80. The company has a market cap of $17.40 billion, a P/E ratio of 29.87, a PEG ratio of 2.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a fifty day moving average of $28.83 and a two-hundred day moving average of $31.18.

Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, analysts forecast that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, September 25th. Invitation Home’s dividend payout ratio (DPR) is 122.11%.

Institutional Investors Weigh In On Invitation Home

A number of large investors have recently bought and sold shares of INVH. Harbor Capital Advisors Inc. purchased a new position in Invitation Home during the second quarter worth $30,000. Larson Financial Group LLC raised its holdings in Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock valued at $32,000 after acquiring an additional 854 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Invitation Home during the 1st quarter worth $37,000. Hantz Financial Services Inc. grew its position in shares of Invitation Home by 1,695.2% in the third quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock valued at $33,000 after purchasing an additional 1,068 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Invitation Home during the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Invitation Home

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.