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

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 stock analysts at Evercore ISI from $36.00 to $35.00 in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm currently has an "outperform" rating on the stock. Evercore ISI's price objective suggests a potential upside of 18.18% from the company's previous close.

Several other equities research analysts have also weighed in on the company. Scotiabank lowered their price objective on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research note on Thursday, August 28th. Barclays lowered their price objective on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Citigroup upgraded Invitation Home from a "neutral" rating to a "buy" rating and upped their price objective for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Royal Bank Of Canada lowered their price objective on 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. Finally, Keefe, Bruyette & Woods lowered 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. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.47.

Invitation Home Stock Performance

INVH traded up $0.10 on Monday, hitting $29.62. 2,168,244 shares of the stock traded hands, compared to its average volume of 3,378,369. Invitation Home has a 52 week low of $29.28 and a 52 week high of $36.75. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $18.15 billion, a PE ratio of 33.65, a P/E/G ratio of 2.96 and a beta of 0.82. The business has a fifty day moving average price of $30.84 and a two-hundred day moving average price of $32.59.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Toronto Dominion Bank lifted 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 during the period. GF Fund Management CO. LTD. bought a new stake in shares of Invitation Home in the 4th quarter valued at $338,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Invitation Home by 9.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after buying an additional 1,268 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Invitation Home by 2.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock valued at $199,732,000 after buying an additional 134,012 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Invitation Home in the 1st quarter valued at $329,000. Institutional investors and hedge funds 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.