Scotiabank Has Lowered Expectations for Invitation Home (NYSE:INVH) Stock Price

Key Points

• Scotiabank lowered Invitation Home’s price target from $30 to $28 while maintaining a “sector perform” rating, implying about 2.46% upside from the stock’s $27.33 price.
• Analyst sentiment is mixed, with a consensus “Hold” rating and average price target of $32.42; ratings include 10 Buys, 10 Holds, and one Sell.
• Invitation Home exceeded quarterly expectations, reporting $0.51 in earnings per share versus $0.17 expected and $747.55 million in revenue, up 9.7% year over year. Institutional investors own approximately 96.79% of the stock.

Invitation Home (NYSE:INVH - Get Free Report) had its price objective lowered by analysts at Scotiabank from $30.00 to $28.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's price target would indicate a potential upside of 2.46% from the company's current price.

Several other research analysts have also commented on the stock. Mizuho raised their price objective on shares of Invitation Home from $26.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, June 17th. Compass Point upgraded shares of Invitation Home to a "hold" rating in a research note on Thursday, July 9th. Cfra cut Invitation Home from a "hold" rating to a "sell" rating and reduced their price objective for the company from $29.00 to $27.00 in a research note on Wednesday, May 27th. Citigroup reiterated a "buy" rating on shares of Invitation Home in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their price target on Invitation Home from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, August 25th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $32.42.

Invitation Home Trading Up 0.4%

INVH stock traded up $0.12 during midday trading on Thursday, hitting $27.33. 1,197,016 shares of the company's stock were exchanged, compared to its average volume of 5,784,719. Invitation Home has a 1-year low of $24.25 and a 1-year high of $30.89. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $16.14 billion, a PE ratio of 25.08, a P/E/G ratio of 3.94 and a beta of 0.83. The business has a 50-day simple moving average of $29.50 and a two-hundred day simple moving average of $28.31.

Invitation Home (NYSE:INVH - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share 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 during the quarter, compared to analyst estimates of $731.13 million. During the same quarter last year, the firm posted $0.48 earnings per share. Invitation Home'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. On average, sell-side analysts predict that Invitation Home will post 1.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Invitation Home

Hedge funds have recently added to or reduced their stakes in the stock. Jupiter Topco LLC acquired a new position in Invitation Home during the second quarter worth $4,243,000. Legal & General Group Plc increased its position in shares of Invitation Home by 6.6% in the fourth quarter. Legal & General Group Plc now owns 5,735,955 shares of the company's stock valued at $159,402,000 after buying an additional 355,825 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Invitation Home by 4.6% in the 1st quarter. Bank of America Corp DE now owns 2,956,870 shares of the company's stock worth $73,478,000 after buying an additional 129,202 shares in the last quarter. BlackRock Inc. purchased a new position in Invitation Home during the 2nd quarter valued at about $1,866,973,000. Finally, Paralel Advisors LLC raised its position in Invitation Home by 218.2% during the second quarter. Paralel Advisors LLC now owns 65,628 shares of the company's stock worth $1,983,000 after acquiring an additional 45,000 shares during the last quarter. 96.79% of the stock is currently 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 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.

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