Evercore ISI Lowers Invitation Home (NYSE:INVH) Price Target to $34.00

Key Points

• Evercore ISI has decreased its price target for Invitation Home (NYSE: INVH) from $35.00 to $34.00 while maintaining an "outperform" rating, indicating a potential upside of 21.60% from its current stock price.
• Other analysts have also revised their price targets downwards, with Royal Bank of Canada and Scotiabank both setting their estimates to $34.00, highlighting a trend of lowered expectations across multiple firms.
• Invitation Home reported an earnings per share (EPS) of $0.48 for the last quarter, meeting analyst estimates, and has provided guidance for FY 2025 EPS between 1.880 and 1.940.

Invitation Home (NYSE:INVH - Get Free Report) had its target price decreased by research analysts at Evercore ISI from $35.00 to $34.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Evercore ISI's target price points to a potential upside of 21.60% from the stock's current price.

INVH has been the topic of several other reports. Royal Bank Of Canada reduced 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. Scotiabank reduced their price target on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research report on Thursday, August 28th. Barclays decreased their price target on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Invitation Home in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.37.

Invitation Home Price Performance

Invitation Home stock opened at $27.96 on Monday. The stock has a market capitalization of $17.14 billion, a P/E ratio of 31.77, a P/E/G ratio of 2.79 and a beta of 0.81. The firm's 50-day moving average is $29.87 and its two-hundred day moving average is $32.01. Invitation Home has a 12-month low of $27.71 and a 12-month high of $35.80. 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 posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $681.40 million during the quarter, compared to analysts' expectations of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The firm's revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Equities analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INVH. GAMMA Investing LLC increased its holdings in shares of Invitation Home by 23.0% in the 1st quarter. GAMMA Investing LLC now owns 4,996 shares of the company's stock valued at $174,000 after purchasing an additional 934 shares during the period. SG Americas Securities LLC increased its stake in Invitation Home by 68.9% in the 1st quarter. SG Americas Securities LLC now owns 22,369 shares of the company's stock valued at $780,000 after buying an additional 9,125 shares during the period. CX Institutional acquired a new position in Invitation Home in the 1st quarter valued at approximately $199,000. Wealth Enhancement Advisory Services LLC lifted its position in Invitation Home by 9.3% in the 1st 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 in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Invitation Home during the 1st quarter valued at $86,000. 96.79% of the stock is owned by institutional investors and hedge funds.

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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