Invitation Home (NYSE:INVH) Stock Price Target Cut by Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut Invitation Home’s price target from $31 to $29 while maintaining a “sector perform” rating, implying roughly 9.3% upside from the prior close.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $32.20 from 21 analysts.
• Invitation Home reported quarterly EPS of $0.51, well above the $0.17 consensus estimate, while revenue rose 9.7% year over year to $747.55 million. Institutional investors own approximately 96.8% of the company’s shares.

Invitation Home (NYSE:INVH - Get Free Report) had its price objective cut by research analysts at Royal Bank Of Canada from $31.00 to $29.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 9.33% from the company's previous close.

A number of other analysts have also recently weighed in on the stock. UBS Group reduced their target price on shares of Invitation Home from $35.00 to $31.00 and set a "buy" rating for the company in a report on Monday. Compass Point upgraded shares of Invitation Home to a "hold" rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of Invitation Home from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 25th. BTIG Research set a $32.00 price target on Invitation Home in a report on Monday, September 21st. Finally, Scotiabank cut their price objective on Invitation Home from $30.00 to $28.00 and set a "sector perform" rating for the company in a research report on Thursday, September 17th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Invitation Home presently has a consensus rating of "Hold" and a consensus target price of $32.20.

Invitation Home Price Performance

Shares of NYSE:INVH traded down $0.17 during trading hours on Tuesday, hitting $26.52. 1,103,724 shares of the company's stock traded hands, compared to its average volume of 5,794,725. Invitation Home has a 52 week low of $24.25 and a 52 week high of $30.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.02 and a current ratio of 0.02. The company's fifty day simple moving average is $28.31 and its two-hundred day simple moving average is $28.44. The company has a market cap of $15.67 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 3.99 and a beta of 0.82.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The company had revenue of $747.55 million for the quarter, compared to analysts' expectations of $731.13 million. During the same quarter in the previous year, the company posted $0.48 EPS. The business's revenue was up 9.7% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. As a group, equities analysts anticipate that Invitation Home will post 1.90 EPS for the current fiscal year.

Institutional Investors Weigh In On Invitation Home

Hedge funds have recently bought and sold shares of the business. NorthCrest Asset Manangement LLC lifted its stake in Invitation Home by 84.0% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 18,579 shares of the company's stock worth $492,000 after acquiring an additional 8,480 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Invitation Home by 3.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 30,671 shares of the company's stock worth $808,000 after acquiring an additional 939 shares during the period. Versant Capital Management Inc grew its stake in Invitation Home by 21.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,866 shares of the company's stock valued at $75,000 after acquiring an additional 498 shares in the last quarter. QRG Capital Management Inc. grew its stake in Invitation Home by 10.0% during the 2nd quarter. QRG Capital Management Inc. now owns 11,589 shares of the company's stock valued at $350,000 after acquiring an additional 1,057 shares in the last quarter. Finally, Junto Capital Management LP purchased a new position in Invitation Home during the 2nd quarter valued at about $59,101,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

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 professionally managed rental housing, offering residents access to detached homes with services that generally include leasing, property management, maintenance and resident support.

Invitation Homes serves communities across a broad group of U.S. markets, with a significant presence in the Sun Belt and other high-growth metropolitan areas.

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