Invitation Homes (NYSE:INVH) PT Raised to $37.00 at Evercore ISI

Invitation Homes (NYSE:INVH) had its price target hoisted by research analysts at Evercore ISI from $36.00 to $37.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 3.21% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Barclays decreased their target price on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Scotiabank increased their target price on Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $38.00 price target on shares of Invitation Homes in a research note on Monday, June 17th. JPMorgan Chase & Co. upped their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Finally, Citigroup restated a “neutral” rating and set a $39.00 target price on shares of Invitation Homes in a research report on Friday, March 22nd. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Invitation Homes currently has an average rating of “Moderate Buy” and a consensus price target of $38.06.

Invitation Homes Trading Down 0.7 %

Invitation Homes stock opened at $35.85 on Tuesday. Invitation Homes has a one year low of $28.49 and a one year high of $36.53. The business’s fifty day moving average is $35.18 and its 200 day moving average is $34.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market capitalization of $21.96 billion, a PE ratio of 41.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. The company had revenue of $646.04 million for the quarter, compared to analysts’ expectations of $630.97 million. On average, sell-side analysts predict that Invitation Homes will post 1.83 EPS for the current year.

Insider Activity at Invitation Homes

In other news, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total transaction of $174,250.00. Following the sale, the chief operating officer now owns 275,296 shares in the company, valued at $9,594,065.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the transaction, the director now owns 28,068 shares in the company, valued at approximately $970,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Charles D. Young sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the sale, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Invitation Homes

Hedge funds have recently bought and sold shares of the business. BOK Financial Private Wealth Inc. bought a new stake in shares of Invitation Homes in the 1st quarter worth about $26,000. Creekmur Asset Management LLC bought a new stake in Invitation Homes during the fourth quarter worth approximately $46,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after acquiring an additional 1,061 shares during the last quarter. Mather Group LLC. purchased a new stake in Invitation Homes during the first quarter valued at approximately $75,000. Finally, GAMMA Investing LLC bought a new stake in shares of Invitation Homes in the 4th quarter valued at approximately $79,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.