Invitation Home (NYSE:INVH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Invitation Home (NYSE:INVH) have been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $34.70.

A number of research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target 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, November 13th. Evercore ISI cut their target price on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Mizuho restated a “neutral” rating and issued a $27.00 target price (down from $30.00) on shares of Invitation Home in a research note on Thursday, January 8th. Wells Fargo & Company lowered their target price on Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Monday, October 13th. Finally, Citigroup reissued a “market outperform” rating on shares of Invitation Home in a report on Wednesday, January 21st.

Institutional Trading of Invitation Home

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Invitation Home by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company’s stock valued at $3,116,862,000 after purchasing an additional 719,365 shares during the period. Norges Bank acquired a new position in shares of Invitation Home during the second quarter worth approximately $1,693,992,000. State Street Corp boosted its position in shares of Invitation Home by 1.3% during the third quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after buying an additional 462,379 shares during the period. Geode Capital Management LLC grew its holdings in Invitation Home by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 15,855,732 shares of the company’s stock worth $518,018,000 after buying an additional 309,953 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Invitation Home by 8.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock valued at $424,922,000 after acquiring an additional 1,168,113 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Home Price Performance

Shares of INVH opened at $26.71 on Monday. Invitation Home has a 52 week low of $25.29 and a 52 week high of $35.80. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 2.87 and a beta of 0.83. The stock has a 50 day moving average of $27.20 and a 200-day moving average of $28.81.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $679.41 million. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. As a group, analysts forecast that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd were paid a $0.30 dividend. The ex-dividend date was Tuesday, December 23rd. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 4.5%. Invitation Home’s dividend payout ratio (DPR) is 126.32%.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.