Invitation Home (NYSE:INVH) Rating Increased to Outperform at Mizuho

Key Points

• Mizuho upgraded Invitation Home to “outperform” from “neutral” and raised its price target to $32 from $31, implying approximately 19% upside from the prior close.
• Analyst sentiment remains mixed but leans positive: 11 analysts rate the stock a Buy, nine a Hold, and one a Sell, with an average target price of $32.47.
• Invitation Home exceeded quarterly expectations, reporting $0.51 EPS versus the $0.17 consensus and revenue of $747.55 million, up 9.7% year over year; institutional investors own 96.79% of the company.

Invitation Home (NYSE:INVH - Get Free Report) was upgraded by stock analysts at Mizuho from a "neutral" rating to an "outperform" rating in a research note issued to investors on Monday, MarketBeat reports. The firm presently has a $32.00 price objective on the stock, up from their prior price objective of $31.00. Mizuho's target price suggests a potential upside of 19.14% from the company's previous close.

Several other equities analysts have also weighed in on the company. Oppenheimer lifted their price objective on Invitation Home from $31.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Invitation Home in a research report on Thursday, August 27th. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Home from $29.00 to $31.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 5th. BMO Capital Markets increased their price target on Invitation Home from $32.00 to $35.00 and gave the company a "market perform" rating in a report on Monday, June 15th. Finally, Compass Point upgraded shares of Invitation Home to a "hold" rating in a report on Thursday, July 9th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $32.47.

Invitation Home Stock Down 0.2%

Shares of INVH opened at $26.86 on Monday. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $30.89. The company's fifty day moving average is $29.40 and its two-hundred day moving average is $28.32. The firm has a market cap of $15.86 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 3.83 and a beta of 0.83. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.34. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The business had revenue of $747.55 million during the quarter, compared to the consensus estimate of $731.13 million. During the same period in the prior year, the firm posted $0.48 EPS. The business's revenue for the quarter was up 9.7% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Analysts forecast that Invitation Home will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On Invitation Home

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Invitation Home during the second quarter worth about $1,866,973,000. Norges Bank bought a new position in Invitation Home during the 4th quarter worth approximately $1,438,952,000. Geode Capital Management LLC lifted its holdings in Invitation Home by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company's stock worth $468,997,000 after buying an additional 203,474 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Invitation Home by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,379,282 shares of the company's stock worth $208,225,000 after acquiring an additional 132,006 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Invitation Home in the 2nd quarter valued at approximately $193,539,000. Institutional investors own 96.79% of the company's stock.

About Invitation Home

Invitation Homes Inc NYSE: INVH is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.