Royal Bank of Canada Issues Pessimistic Forecast for Invitation Homes (NYSE:INVH) Stock Price

Invitation Homes (NYSE:INVH) had its target price cut by Royal Bank of Canada from $36.00 to $34.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 8.28% from the stock’s current price.

INVH has been the topic of several other research reports. JPMorgan Chase & Co. boosted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. The Goldman Sachs Group initiated coverage on Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price for the company. Evercore ISI lifted their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Keefe, Bruyette & Woods reduced their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 30th. Finally, Scotiabank lowered their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.90.

Invitation Homes Stock Down 0.0 %

Shares of Invitation Homes stock opened at $31.40 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.20 and a debt-to-equity ratio of 0.47. Invitation Homes has a 12-month low of $30.20 and a 12-month high of $37.80. The company has a market cap of $19.24 billion, a P/E ratio of 44.23, a PEG ratio of 4.45 and a beta of 1.02. The company’s fifty day simple moving average is $34.99 and its two-hundred day simple moving average is $35.06.

Institutional Trading of Invitation Homes

Institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings in shares of Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after purchasing an additional 641 shares in the last quarter. Paladin Wealth LLC purchased a new position in Invitation Homes in the 3rd quarter worth about $40,000. Family Firm Inc. bought a new position in Invitation Homes during the 2nd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Invitation Homes during the 2nd quarter valued at about $44,000. Finally, Headlands Technologies LLC bought a new stake in shares of Invitation Homes in the second quarter worth approximately $45,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

About Invitation Homes

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.