Brokerages Set Invitation Homes Inc. (NYSE:INVH) PT at $38.90

Shares of Invitation Homes Inc. (NYSE:INVH) have received a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $38.90.

INVH has been the topic of several research reports. Keefe, Bruyette & Woods decreased their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a report on Tuesday, July 30th. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Royal Bank of Canada decreased their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in shares of Invitation Homes by 496.9% in the 2nd 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 acquired a new stake in shares of Invitation Homes in the 3rd quarter valued at approximately $40,000. Family Firm Inc. acquired a new stake in shares of Invitation Homes in the 2nd quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invitation Homes in the 2nd quarter valued at approximately $44,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Invitation Homes in the 2nd quarter valued at approximately $45,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

NYSE INVH opened at $31.79 on Friday. Invitation Homes has a 1 year low of $31.01 and a 1 year high of $37.80. The firm has a market capitalization of $19.47 billion, a P/E ratio of 44.78, a price-to-earnings-growth ratio of 4.45 and a beta of 1.02. The firm’s fifty day moving average price is $34.91 and its two-hundred day moving average price is $35.08. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.52%. Invitation Homes’s payout ratio is 157.75%.

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.