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

Invitation Home (NYSE:INVH - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $37.97.

Several equities research analysts have commented on INVH shares. Oppenheimer upped their price target on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and upped their price target for the company from $35.00 to $38.50 in a report on Friday, June 6th. Barclays upped their price target on shares of Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Raymond James Financial raised their target price on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, Royal Bank Of Canada raised their target price on Invitation Home from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd.

Insider Activity

In other news, CEO Dallas B. Tanner sold 148,749 shares of Invitation Home stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $33.41, for a total value of $4,969,704.09. Following the sale, the chief executive officer directly owned 642,973 shares of the company's stock, valued at $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 SEC, which is available at this link. 0.29% of the stock is owned by corporate insiders.

Institutional Trading of Invitation Home

A number of institutional investors have recently made changes to their positions in INVH. Harbor Capital Advisors Inc. purchased a new stake in Invitation Home in the second quarter valued at $30,000. Larson Financial Group LLC grew its stake in Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after purchasing an additional 854 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Invitation Home by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after acquiring an additional 378 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Invitation Home during the 1st quarter worth about $37,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Invitation Home during the 1st quarter worth about $40,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Stock Performance

Shares of INVH traded down $0.04 during trading hours on Thursday, reaching $32.34. 2,394,757 shares of the company traded hands, compared to its average volume of 3,400,178. 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 business has a fifty day moving average price of $33.45 and a 200-day moving average price of $32.84. Invitation Home has a 12-month low of $29.37 and a 12-month high of $37.80. The stock has a market capitalization of $19.82 billion, a P/E ratio of 42.00, a P/E/G ratio of 3.22 and a beta of 0.80.

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

Invitation Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 26th will be given 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 is Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is presently 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.