Analysts’ Weekly Ratings Updates for Invitation Homes (INVH)

Invitation Homes (NYSE: INVH) recently received a number of ratings updates from brokerages and research firms:

• 9/16/2024 – Invitation Homes had its price target raised by analysts at Evercore ISI from $37.00 to $38.00. They now have an “outperform” rating on the stock.
• 9/16/2024 – Invitation Homes had its price target raised by analysts at JPMorgan Chase & Co. from $36.00 to $40.00. They now have a “neutral” rating on the stock.
• 9/10/2024 – Invitation Homes had its price target lowered by analysts at Scotiabank from $38.00 to $37.00. They now have a “sector perform” rating on the stock.
• 9/9/2024 – Invitation Homes was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $36.00 price target on the stock, down previously from $37.00.
• 9/9/2024 – Invitation Homes had its price target lowered by analysts at Evercore ISI from $38.00 to $37.00. They now have an “outperform” rating on the stock.
• 9/4/2024 – Invitation Homes is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $46.00 price target on the stock.
• 8/28/2024 – Invitation Homes had its price target raised by analysts at Evercore ISI from $37.00 to $38.00. They now have an “outperform” rating on the stock.
• 8/26/2024 – Invitation Homes was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $38.00 price target on the stock, up previously from $37.00.
• 8/16/2024 – Invitation Homes had its price target raised by analysts at UBS Group AG from $41.00 to $42.00. They now have a “buy” rating on the stock.
• 7/30/2024 – Invitation Homes had its price target lowered by analysts at Keefe, Bruyette & Woods from $38.00 to $37.00. They now have a “market perform” rating on the stock.
• 7/26/2024 – Invitation Homes had its price target lowered by analysts at Royal Bank of Canada from $39.00 to $37.00. They now have an “outperform” rating on the stock.
• 7/26/2024 – Invitation Homes was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $37.00 price target on the stock.
• 7/24/2024 – Invitation Homes was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock, up previously from $35.00.

Invitation Homes Price Performance

Shares of INVH traded down $0.30 during trading hours on Monday, reaching $36.72. 1,175,938 shares of the company’s stock traded hands, compared to its average volume of 3,193,233. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $37.80. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The stock has a market cap of $22.49 billion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The firm’s 50 day simple moving average is $35.78 and its 200-day simple moving average is $35.18.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $654.70 million. Equities analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Thursday, September 26th. Invitation Homes’s payout ratio is presently 128.74%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of INVH. Oregon Public Employees Retirement Fund raised its holdings in Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after buying an additional 310 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in shares of Invitation Homes by 2.3% during the first quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock valued at $495,000 after acquiring an additional 315 shares during the last quarter. Appleton Partners Inc. MA boosted its holdings in shares of Invitation Homes by 0.9% during the second quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock worth $1,431,000 after purchasing an additional 365 shares during the period. Wellington Management Group LLP grew its stake in shares of Invitation Homes by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock worth $1,444,000 after purchasing an additional 386 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Invitation Homes by 6.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock valued at $237,000 after purchasing an additional 409 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.