Barclays Issues Pessimistic Forecast for Invitation Home (NYSE:INVH) Stock Price

Key Points

• Barclays has lowered its price target for Invitation Home stock from $40.00 to $37.00, while maintaining an "overweight" rating, suggesting a potential upside of 23.08% from the current price.
• Invitation Home's stock has seen mixed analyst ratings, with some firms increasing their price targets, while others, like Royal Bank of Canada, have lowered theirs.
• The company reported a quarterly revenue of $681.40 million, exceeding analysts' expectations and showing a year-over-year revenue increase of 4.3%.

Invitation Home (NYSE:INVH - Get Free Report) had its price objective reduced by research analysts at Barclays from $40.00 to $37.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 23.08% from the company's current price.

Other analysts also recently issued reports about the stock. Oppenheimer lifted their price objective on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Royal Bank Of Canada lowered their price target on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Keefe, Bruyette & Woods dropped their price objective on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Scotiabank boosted their target price on shares of Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Raymond James Financial increased their price target on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.53.

Invitation Home Price Performance

Shares of NYSE INVH opened at $30.06 on Tuesday. The company has a fifty day moving average price of $32.36 and a 200 day moving average price of $32.88. The firm has a market cap of $18.43 billion, a PE ratio of 34.14, a PEG ratio of 3.07 and a beta of 0.78. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%. The company had revenue of $681.40 million during the quarter, compared to analysts' expectations of $675.01 million. During the same period in the prior year, the firm earned $0.47 earnings per share. Invitation Home's revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $33.41, for a total value of $4,969,704.09. Following the completion of the sale, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.29% of the company's stock.

Institutional Trading of Invitation Home

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank boosted its stake in shares of Invitation Home by 6.6% in the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after purchasing an additional 19,084 shares in the last quarter. Capital World Investors bought a new position in Invitation Home in the 4th quarter valued at approximately $4,891,000. GF Fund Management CO. LTD. acquired a new stake in Invitation Home in the fourth quarter valued at approximately $338,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invitation Home by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock worth $520,000 after buying an additional 1,268 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in shares of Invitation Home during the fourth quarter worth $265,000. Institutional investors own 96.79% of the company's stock.

Invitation Home 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.

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