Invitation Home (NYSE:INVH) Price Target Lowered to $31.00 at Wells Fargo & Company

Key Points

• Invitation Home's price target has been lowered by Wells Fargo & Company from $33.00 to $31.00, maintaining an "equal weight" rating, which suggests a 10.87% potential upside from the current price.
• Several other analysts have also adjusted their price targets, with an average target price currently at $36.23 and a consensus rating of "Moderate Buy."
• The stock recently opened at $27.96, with a year low of $27.71 and a high of $35.80, reflecting a stable market cap of $17.14 billion.

Invitation Home (NYSE:INVH - Get Free Report) had its price objective lowered by stock analysts at Wells Fargo & Company from $33.00 to $31.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 10.87% from the stock's current price.

A number of other equities research analysts have also recently commented on INVH. Evercore ISI decreased their price objective on Invitation Home from $35.00 to $34.00 and set an "outperform" rating for the company in a research note on Monday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Invitation Home in a research note on Wednesday, October 8th. Scotiabank dropped 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. Royal Bank Of Canada lowered their price target 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. Finally, 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 research report on Wednesday, August 6th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.23.

Invitation Home Stock Down 0.1%

NYSE INVH opened at $27.96 on Monday. The stock's 50 day simple moving average is $29.87 and its 200 day simple moving average is $32.01. 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 has a one year low of $27.71 and a one year high of $35.80. The firm has a market cap of $17.14 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81.

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, hitting the consensus estimate of $0.48. The business had revenue of $681.40 million for 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 firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, sell-side analysts forecast that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INVH. Harbor Capital Advisors Inc. bought a new position in shares of Invitation Home in the second quarter valued at $30,000. Larson Financial Group LLC raised its holdings in shares of Invitation Home by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after purchasing an additional 854 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in Invitation Home in the 1st quarter valued at about $37,000. Zions Bancorporation National Association UT bought a new position in Invitation Home during the first quarter worth about $40,000. Finally, North Capital Inc. bought a new stake in Invitation Home in the first quarter valued at approximately $41,000. 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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