Invitation Home (NYSE:INVH) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Invitation Home (NYSE:INVH) is currently rated as a "Moderate Buy" by 16 brokerages, with an average 12-month price target of $36.47.
• The company reported a quarterly earnings of $0.48 EPS, meeting analyst expectations, and had revenues of $681.4 million, marking a 4.3% year-over-year increase.
• Invitation Home recently announced a quarterly dividend of $0.29 per share, providing an annual yield of 3.9%, though the payout ratio stands at 131.82%.

Invitation Home (NYSE:INVH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen brokerages that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $36.4688.

Several analysts recently weighed in on the company. Royal Bank Of Canada decreased their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Wells Fargo & Company decreased their price objective on Invitation Home from $34.00 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Keefe, Bruyette & Woods decreased their price objective on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Barclays decreased their price objective on Invitation Home from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Finally, Evercore ISI decreased their price objective on Invitation Home from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, September 15th.

Hedge Funds Weigh In On Invitation Home

A number of large investors have recently added to or reduced their stakes in the company. Horizon Investments LLC lifted its stake in Invitation Home by 5.0% in the first quarter. Horizon Investments LLC now owns 8,182 shares of the company's stock valued at $285,000 after buying an additional 386 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Invitation Home by 2.5% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company's stock valued at $561,000 after buying an additional 399 shares during the last quarter. New England Research & Management Inc. lifted its stake in Invitation Home by 0.9% in the second quarter. New England Research & Management Inc. now owns 46,214 shares of the company's stock valued at $1,516,000 after buying an additional 400 shares during the last quarter. State of Michigan Retirement System lifted its stake in Invitation Home by 0.3% in the second quarter. State of Michigan Retirement System now owns 155,000 shares of the company's stock valued at $5,084,000 after buying an additional 400 shares during the last quarter. Finally, Commerce Bank lifted its stake in Invitation Home by 4.2% in the first quarter. Commerce Bank now owns 10,197 shares of the company's stock valued at $355,000 after buying an additional 414 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Trading Up 0.2%

Invitation Home stock opened at $29.69 on Tuesday. The firm's 50 day moving average price is $30.73 and its 200-day moving average price is $32.51. Invitation Home has a 1 year low of $29.28 and a 1 year high of $36.75. The stock has a market cap of $18.20 billion, a P/E ratio of 33.74, a PEG ratio of 2.96 and a beta of 0.82. 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 data on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $681.40 million during the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. Invitation Home's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, equities analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, September 25th will be issued a $0.29 dividend. The ex-dividend date is Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a yield of 3.9%. Invitation Home's payout ratio is currently 131.82%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.