Brokerages Set Invitation Home (NYSE:INVH) PT at $37.97

Shares of Invitation Home (NYSE:INVH - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eighteen brokerages that are presently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $37.97.

A number of research analysts have recently weighed in on the company. Oppenheimer increased their price target on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Barclays increased their target price on Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Scotiabank boosted their target price on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Mizuho upgraded shares of Invitation Home from a "neutral" rating to an "outperform" rating and increased their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Invitation Home from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, May 5th.

Invitation Home Trading Down 0.1%

NYSE:INVH traded down $0.04 on Thursday, hitting $32.34. 2,394,757 shares of the stock were exchanged, compared to its average volume of 3,400,178. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. The stock has a market capitalization of $19.82 billion, a price-to-earnings ratio of 42.00, a P/E/G ratio of 3.22 and a beta of 0.80. The company's 50-day moving average price is $33.45 and its 200 day moving average price is $32.84.

Invitation Home (NYSE:INVH - Get Free Report) last posted 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. Invitation Home had a net margin of 18.01% and a return on equity of 4.82%. The business had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. During the same period in the previous year, the firm posted $0.47 earnings per share. Invitation Home's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors 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 3.59%. Invitation Home's dividend payout ratio (DPR) is presently 150.65%.

Insiders Place Their Bets

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Invitation Home

Several hedge funds and other institutional investors have recently made changes to their positions in INVH. Norges Bank bought a new stake in Invitation Home during the fourth quarter worth $1,646,794,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Invitation Home by 1,019.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company's stock valued at $214,415,000 after purchasing an additional 5,603,077 shares during the period. JPMorgan Chase & Co. lifted its stake in Invitation Home by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. Nuveen LLC bought a new position in Invitation Home during the first quarter worth about $148,870,000. Finally, Centersquare Investment Management LLC grew its holdings in Invitation Home by 42.9% during the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after purchasing an additional 3,870,432 shares during the period. 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.