Invitation Home (NYSE:INVH) Receives $32.68 Average Target Price from Brokerages

Shares of Invitation Home (NYSE:INVH) have earned a consensus rating of “Hold” from the twenty-one research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.6842.

Several brokerages recently issued reports on INVH. UBS Group increased their price target on shares of Invitation Home from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Wall Street Zen raised shares of Invitation Home from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Jefferies Financial Group upgraded shares of Invitation Home to a “hold” rating in a report on Wednesday, July 22nd. Citigroup reaffirmed a “buy” rating on shares of Invitation Home in a research note on Thursday, August 6th. Finally, Barclays lifted their target price on shares of Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in INVH. Clearstead Trust LLC purchased a new stake in shares of Invitation Home in the second quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Invitation Home by 136,000.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after acquiring an additional 1,360 shares in the last quarter. Prosperity Bancshares Inc purchased a new position in shares of Invitation Home in the 4th quarter worth about $42,000. AdvisorNet Financial Inc raised its position in shares of Invitation Home by 7,687.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock worth $46,000 after purchasing an additional 1,845 shares during the last quarter. Finally, Essential Partners LLC boosted its stake in Invitation Home by 353.7% in the 1st quarter. Essential Partners LLC now owns 1,883 shares of the company’s stock worth $47,000 after purchasing an additional 1,468 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Stock Performance

Shares of Invitation Home stock opened at $30.28 on Friday. Invitation Home has a 12 month low of $24.25 and a 12 month high of $31.38. The firm has a market capitalization of $17.88 billion, a P/E ratio of 27.78, a P/E/G ratio of 4.33 and a beta of 0.83. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $29.81 and a two-hundred day simple moving average of $27.90.

Invitation Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is 110.09%.

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.