Invitation Homes (NYSE:INVH) Stock Price Down 3.3%

Invitation Homes Inc. (NYSE:INVH)’s share price was down 3.3% on Friday . The company traded as low as $35.88 and last traded at $36.04. Approximately 629,532 shares traded hands during trading, a decline of 80% from the average daily volume of 3,169,244 shares. The stock had previously closed at $37.28.

Analysts Set New Price Targets

INVH has been the topic of a number of research analyst reports. Scotiabank boosted their target price on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. The Goldman Sachs Group began coverage on Invitation Homes in a research report on Wednesday. They set a “buy” rating and a $46.00 target price for the company. Barclays lowered their price objective on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Keefe, Bruyette & Woods reduced their target price 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. Finally, Mizuho lowered their price target on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Invitation Homes Trading Down 4.1 %

The stock has a market capitalization of $21.90 billion, a P/E ratio of 42.85, a PEG ratio of 4.60 and a beta of 0.99. The stock’s fifty day moving average price is $35.75 and its 200 day moving average price is $35.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The company had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. Research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, June 27th. Invitation Homes’s dividend payout ratio is 128.74%.

Hedge Funds Weigh In On Invitation Homes

Several institutional investors have recently made changes to their positions in INVH. National Bank of Canada FI increased its position in Invitation Homes by 247.0% during the 4th quarter. National Bank of Canada FI now owns 134,290 shares of the company’s stock valued at $4,649,000 after purchasing an additional 95,591 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Invitation Homes by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,067,188 shares of the company’s stock worth $206,952,000 after buying an additional 144,897 shares in the last quarter. Principal Securities Inc. bought a new position in Invitation Homes in the fourth quarter worth approximately $195,000. BNP Paribas Financial Markets lifted its holdings in Invitation Homes by 298.6% during the fourth quarter. BNP Paribas Financial Markets now owns 545,378 shares of the company’s stock worth $18,603,000 after buying an additional 408,570 shares during the period. Finally, Jump Financial LLC boosted its position in Invitation Homes by 430.6% during the 4th quarter. Jump Financial LLC now owns 34,487 shares of the company’s stock valued at $1,176,000 after acquiring an additional 27,987 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Company Profile

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.