Invitation Home (NYSE:INVH) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Invitation Home (NYSE:INVH - Get Free Report) have received an average rating of "Moderate Buy" from the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $37.97.

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada increased their price objective on Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Scotiabank increased their price objective on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Barclays increased their price objective on Invitation Home from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. The Goldman Sachs Group increased their price objective on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Oppenheimer increased their price objective on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th.

Invitation Home Stock Performance

Shares of Invitation Home stock traded down $0.04 on Thursday, reaching $32.34. 2,394,757 shares of the company were exchanged, compared to its average volume of 3,392,891. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.02 and a current ratio of 0.02. The company's 50-day moving average is $33.45 and its two-hundred day moving average is $32.84. The firm has a market cap of $19.82 billion, a price-to-earnings ratio of 42.00, a P/E/G ratio of 3.21 and a beta of 0.80. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The business had revenue of $674.48 million for the quarter, compared to analysts' expectations of $663.77 million. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. As a group, research analysts expect that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, June 26th. Invitation Home's payout ratio is currently 150.65%.

Insider Buying and Selling at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 642,973 shares of the company's stock, valued at $21,481,727.93. This trade represents a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Invitation Home

Several large investors have recently modified their holdings of the stock. Virtus ETF Advisers LLC boosted its stake in shares of Invitation Home by 7.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after acquiring an additional 319 shares in the last quarter. Snowden Capital Advisors LLC boosted its position in shares of Invitation Home by 2.6% in 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. Smartleaf Asset Management LLC boosted its position in shares of Invitation Home by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after buying an additional 378 shares during the period. Horizon Investments LLC boosted its position in shares of Invitation Home by 5.0% in 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. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of 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 worth $561,000 after buying an additional 399 shares during the period. 96.79% of the stock is owned by institutional investors.

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.