Invitation Home (NYSE:INVH) Receives $35.16 Average Price Target from Brokerages

Invitation Home (NYSE:INVH) has received an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $35.1471.

Several equities analysts recently weighed in on INVH shares. Morgan Stanley cut their price objective on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a report on Friday, October 17th. Oppenheimer set a $38.00 price objective on shares of Invitation Home and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday, October 8th. Finally, Scotiabank reduced their price target on Invitation Home from $36.00 to $31.00 and set a “sector perform” rating for the company in a research report on Monday, November 10th.

Hedge Funds Weigh In On Invitation Home

A number of institutional investors have recently modified their holdings of INVH. Harbor Capital Advisors Inc. bought a new stake in shares of Invitation Home during the 2nd quarter worth $30,000. Larson Financial Group LLC lifted its position in Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after acquiring an additional 854 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Invitation Home by 1,695.2% during the third quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock valued at $33,000 after acquiring an additional 1,068 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Invitation Home by 59.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after purchasing an additional 466 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Invitation Home in the first quarter worth about $37,000. Institutional investors own 96.79% of the company’s stock.

Invitation Home Price Performance

INVH opened at $28.38 on Wednesday. The stock has a fifty day moving average price of $28.83 and a 200 day moving average price of $31.16. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a 1 year low of $27.38 and a 1 year high of $35.80. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 2.93 and a beta of 0.81.

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

Invitation Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Thursday, September 25th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, September 25th. Invitation Home’s payout ratio is 122.11%.

Invitation Home 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.