Invitation Homes (NYSE:INVH) Earns Sell Rating from Analysts at Goldman Sachs Group

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Goldman Sachs Group initiated coverage on shares of Invitation Homes (NYSE:INVH) in a research report released on Friday, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued a sell rating and a $29.00 price objective on the stock.

Several other brokerages have also recently issued reports on INVH. Royal Bank of Canada upped their price target on shares of Invitation Homes to $30.00 and gave the company an outperform rating in a research report on Tuesday, August 20th. Zacks Investment Research upgraded shares of Invitation Homes from a sell rating to a hold rating in a research report on Thursday, October 17th. B. Riley set a $30.00 price target on shares of Invitation Homes and gave the company a buy rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods cut shares of Invitation Homes from an outperform rating to a market perform rating and set a $28.50 price target for the company. in a research report on Friday, July 19th. Finally, Citigroup upped their price target on shares of Invitation Homes from $31.00 to $34.00 and gave the company a buy rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $29.79.

NYSE:INVH traded down $0.01 on Friday, hitting $29.51. The company had a trading volume of 1,968,848 shares, compared to its average volume of 3,854,910. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of 128.30, a PEG ratio of 3.14 and a beta of 0.40. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average of $30.17 and a two-hundred day moving average of $27.76. Invitation Homes has a 52 week low of $19.21 and a 52 week high of $31.32.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.24). The company had revenue of $443.33 million during the quarter, compared to the consensus estimate of $446.66 million. Invitation Homes had a net margin of 6.76% and a return on equity of 1.83%. Invitation Homes’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. As a group, equities analysts forecast that Invitation Homes will post 1.23 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.13 dividend. The ex-dividend date is Tuesday, November 12th. Invitation Homes’s dividend payout ratio (DPR) is currently 226.09%.

In other news, EVP Mark A. Solls sold 30,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $29.01, for a total transaction of $870,300.00. Following the completion of the sale, the executive vice president now directly owns 94,858 shares in the company, valued at $2,751,830.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ernest Michael Freedman sold 31,892 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $28.41, for a total transaction of $906,051.72. Following the sale, the chief financial officer now owns 342,786 shares of the company’s stock, valued at $9,738,550.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,649,323 shares of company stock valued at $1,259,523,023. Corporate insiders own 0.25% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Invitation Homes during the third quarter worth $30,000. CSat Investment Advisory L.P. acquired a new stake in shares of Invitation Homes during the second quarter worth $37,000. NEXT Financial Group Inc increased its position in shares of Invitation Homes by 18.1% during the second quarter. NEXT Financial Group Inc now owns 2,919 shares of the company’s stock worth $78,000 after buying an additional 447 shares during the period. Whittier Trust Co. acquired a new stake in shares of Invitation Homes during the second quarter worth $83,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Invitation Homes during the third quarter worth $139,000.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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