Invitation Home (NYSE:INVH) Receives $37.97 Consensus Price Target from Analysts

Invitation Home (NYSE:INVH - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen brokerages that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $37.97.

Several equities research analysts have commented on INVH shares. Keefe, Bruyette & Woods boosted their target price on Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, May 5th. Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. The Goldman Sachs Group raised their price objective on Invitation Home from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada lifted their target price on Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Finally, Raymond James Financial raised their price target on Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th.

Invitation Home Stock Up 0.3%

Shares of INVH traded up $0.11 on Thursday, hitting $32.38. The company's stock had a trading volume of 2,554,966 shares, compared to its average volume of 3,410,632. The firm's fifty day moving average price is $33.57 and its 200-day moving average price is $32.84. Invitation Home has a fifty-two week low of $29.37 and a fifty-two week 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. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 3.20 and a beta of 0.80.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings results 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. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The company had revenue of $674.48 million during the quarter, compared to analysts' expectations of $663.77 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, June 26th. This represents a $1.16 annualized dividend and a yield of 3.58%. Invitation Home's dividend payout ratio is currently 150.65%.

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the business'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 completion of the transaction, the chief executive officer owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Invitation Home

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. acquired a new position in shares of Invitation Home in the second quarter valued at approximately $494,000. Wealth Enhancement Advisory Services LLC boosted its position in Invitation Home by 290.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 58,190 shares of the company's stock worth $1,898,000 after buying an additional 43,277 shares during the period. Swedbank AB grew its holdings in Invitation Home by 1.0% during the 2nd quarter. Swedbank AB now owns 615,841 shares of the company's stock worth $20,200,000 after acquiring an additional 5,986 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Invitation Home by 2.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 190,692 shares of the company's stock valued at $6,255,000 after acquiring an additional 4,983 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in shares of Invitation Home during the second quarter valued at $287,000. 96.79% of the stock is owned by institutional investors.

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.