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

Invitation Home (NYSE:INVH - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eighteen research firms that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $37.97.

INVH has been the topic of several research analyst reports. Mizuho raised shares of Invitation Home from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Keefe, Bruyette & Woods raised their price target on shares of Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, May 5th. Scotiabank raised their price target on shares of Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Barclays raised their price target on shares of Invitation Home from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and raised their price target for the stock from $35.00 to $38.50 in a research report on Friday, June 6th.

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in INVH. Harbor Capital Advisors Inc. purchased a new position in shares of Invitation Home in the second quarter worth $30,000. Larson Financial Group LLC increased its stake in shares of Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after buying an additional 854 shares during the period. Smartleaf Asset Management LLC increased its stake 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. GKV Capital Management Co. Inc. purchased a new position in shares of Invitation Home in the first quarter worth $37,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Invitation Home in the first quarter worth $40,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Home Stock Performance

Shares of INVH traded down $0.08 during trading hours on Thursday, hitting $32.31. The company had a trading volume of 602,867 shares, compared to its average volume of 3,403,897. The firm has a market cap of $19.80 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 3.21 and a beta of 0.80. The business has a fifty day moving average of $33.51 and a 200-day moving average of $32.84. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.46.

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

Invitation Home Dividend Announcement

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

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.