Evercore ISI Cuts Invitation Home (NYSE:INVH) Price Target to $35.00

Key Points

• Evercore ISI has reduced its price target for Invitation Home (NYSE:INVH) from $36.00 to $35.00, while maintaining an "outperform" rating, indicating a potential upside of 16.99% from the current price.
• The stock has seen a range of price target adjustments from other analysts, with the average consensus price target now at $36.68 and the stock currently trading around $29.92.
• Invitation Home reported earnings of $0.48 per share for the last quarter, matching consensus estimates, with revenue of $681.40 million, representing a year-over-year increase of 4.3%.

Invitation Home (NYSE:INVH - Get Free Report) had its price objective reduced by equities researchers at Evercore ISI from $36.00 to $35.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Evercore ISI's price target indicates a potential upside of 16.99% from the stock's current price.

INVH has been the subject of several other research reports. Royal Bank Of Canada dropped their target price on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Keefe, Bruyette & Woods decreased their price target on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Scotiabank reduced their target price on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating for the company in a research note on Thursday, August 28th. Wells Fargo & Company reduced their target price on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Finally, Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and boosted their target price for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $36.68.

Invitation Home Stock Down 1.0%

Invitation Home stock traded down $0.29 during midday trading on Monday, hitting $29.92. 166,112 shares of the stock were exchanged, compared to its average volume of 3,326,925. The company has a 50 day moving average price of $31.06 and a two-hundred day moving average price of $32.70. The firm has a market cap of $18.34 billion, a P/E ratio of 34.01, a P/E/G ratio of 3.02 and a beta of 0.82. Invitation Home has a 1 year low of $29.37 and a 1 year high of $37.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.02 and a quick ratio of 0.02.

Invitation Home (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The company's revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, sell-side analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invitation Home

A number of large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new position in Invitation Home in the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC grew its position in Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after acquiring an additional 854 shares in the last quarter. GKV Capital Management Co. Inc. bought a new stake in Invitation Home in the first quarter worth approximately $37,000. Zions Bancorporation National Association UT bought a new stake in Invitation Home in the first quarter worth approximately $40,000. Finally, North Capital Inc. bought a new stake in shares of Invitation Home during the 1st quarter worth $41,000. Institutional investors and hedge funds own 96.79% of the company's stock.

About Invitation Home

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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