Invitation Home (NYSE:INVH) Receives $36.85 Consensus Target Price from Analysts

Key Points

• Invitation Home (NYSE:INVH) has received an average broker rating of "Hold" from seventeen research firms, with nine hold ratings and eight buy ratings issued.
• Analysts have set an average 12-month target price for Invitation Home at $36.85, with significant adjustments made by several firms, including a decrease by Keefe, Bruyette & Woods and an increase by Goldman Sachs.
• The company recently declared a quarterly dividend of $0.29 per share, resulting in a 3.7% dividend yield, while the dividend payout ratio is currently 131.82%.

Invitation Home (NYSE:INVH - Get Free Report) has received an average recommendation of "Hold" from the seventeen ratings firms that are covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $36.8529.

Several research firms recently commented on INVH. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and increased their target price for the company from $35.00 to $38.50 in a report on Friday, June 6th. Royal Bank Of Canada dropped their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Keefe, Bruyette & Woods dropped their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Scotiabank dropped their target price on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a report on Thursday, August 28th. Finally, Barclays dropped their price objective on Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th.

Insider Activity

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the transaction, the chief executive officer owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This trade represents a 18.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On Invitation Home

Several hedge funds have recently made changes to their positions in the business. Snowden Capital Advisors LLC boosted its stake in shares of Invitation Home by 2.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock worth $400,000 after buying an additional 319 shares during the period. Horizon Investments LLC boosted its stake in shares of Invitation Home by 5.0% during the first quarter. Horizon Investments LLC now owns 8,182 shares of the company's stock worth $285,000 after buying an additional 386 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Invitation Home by 2.5% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company's stock worth $561,000 after buying an additional 399 shares during the period. New England Research & Management Inc. boosted its stake in shares of Invitation Home by 0.9% during the second quarter. New England Research & Management Inc. now owns 46,214 shares of the company's stock worth $1,516,000 after buying an additional 400 shares during the period. Finally, State of Michigan Retirement System boosted its stake in shares of Invitation Home by 0.3% during the second quarter. State of Michigan Retirement System now owns 155,000 shares of the company's stock worth $5,084,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Stock Down 0.3%

NYSE:INVH traded down $0.11 during trading hours on Friday, hitting $30.22. The company's stock had a trading volume of 3,467,009 shares, compared to its average volume of 3,324,904. The stock has a market capitalization of $18.53 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.13 and a beta of 0.82. The stock has a fifty day moving average of $31.40 and a 200-day moving average of $32.77. 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 52-week low of $29.37 and a 52-week high of $37.80.

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

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.8%. Invitation Home's dividend payout ratio (DPR) is presently 131.82%.

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.