Invitation Homes (NYSE:INVH) Given New $38.00 Price Target at Evercore ISI

Invitation Homes (NYSE:INVH) had its target price lifted by investment analysts at Evercore ISI from $37.00 to $38.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 3.63% from the company’s current price.

A number of other brokerages have also issued reports on INVH. The Goldman Sachs Group began coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. Scotiabank lowered their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.10.

Invitation Homes Price Performance

NYSE:INVH traded down $0.35 during midday trading on Monday, hitting $36.67. 645,191 shares of the stock were exchanged, compared to its average volume of 3,190,251. The company has a market capitalization of $22.46 billion, a price-to-earnings ratio of 42.15, a P/E/G ratio of 4.50 and a beta of 1.01. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes has a one year low of $28.49 and a one year high of $37.80. The business has a 50-day moving average price of $35.78 and a two-hundred day moving average price of $35.18.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data 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 firm had revenue of $653.45 million during the quarter, compared to the consensus estimate of $654.70 million. Sell-side analysts predict that Invitation Homes will post 1.83 EPS for the current year.

Institutional Trading of Invitation Homes

Hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in Invitation Homes by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after acquiring an additional 310 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Invitation Homes by 2.3% in 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 grew its holdings in Invitation Homes by 0.9% during the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock worth $1,431,000 after acquiring an additional 365 shares during the period. Wellington Management Group LLP boosted its stake in Invitation Homes by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock worth $1,444,000 after acquiring an additional 386 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Invitation Homes by 6.6% in the second 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 in the last quarter. Institutional investors and hedge funds 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.