Analysts Set Invitation Home (NYSE:INVH) Price Target at $37.86

Key Points

• Invitation Home has received a consensus recommendation of "Moderate Buy" from 18 brokerages, with an average price target of $37.86.
• CEO Dallas B. Tanner sold 148,749 shares at an average price of $33.41, resulting in an 18.79% decrease in his holdings.
• The company recently announced a quarterly dividend of $0.29 per share, with a dividend yield of 3.8% and a payout ratio of 131.82%.

Shares of Invitation Home (NYSE:INVH - Get Free Report) have received an average recommendation of "Moderate Buy" from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $37.6389.

A number of equities analysts have commented on the stock. Scotiabank boosted their price target on shares of Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Barclays reiterated an "overweight" rating on shares of Invitation Home in a research report on Tuesday, July 15th. Oppenheimer upped their target price on shares of Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Raymond James Financial upped their target price on shares of Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada reduced their target price on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st.

Invitation Home Stock Performance

Shares of NYSE:INVH traded down $0.20 on Monday, hitting $30.27. 4,425,982 shares of the company were exchanged, compared to its average volume of 3,301,979. The company's 50 day moving average price is $32.64 and its two-hundred day moving average price is $32.88. Invitation Home has a one year low of $29.37 and a one year high of $37.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.25 and a beta of 0.78.

Invitation Home (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, meeting analysts' consensus estimates of $0.48. The business had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Research analysts expect that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. Invitation Home's dividend payout ratio (DPR) is 131.82%.

Insiders Place Their Bets

In related news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $33.41, for a total value 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. This trade represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

Institutional Trading of Invitation Home

A number of hedge funds have recently modified their holdings of INVH. Virtus ETF Advisers LLC raised its stake in Invitation Home by 7.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after purchasing an additional 319 shares in the last quarter. Snowden Capital Advisors LLC grew its holdings in Invitation Home by 2.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock worth $400,000 after acquiring an additional 319 shares during the last quarter. Horizon Investments LLC grew its holdings in Invitation Home by 5.0% during the 1st quarter. Horizon Investments LLC now owns 8,182 shares of the company's stock worth $285,000 after acquiring an additional 386 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Invitation Home by 2.5% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company's stock worth $561,000 after acquiring an additional 399 shares during the last quarter. Finally, New England Research & Management Inc. lifted its position in shares of Invitation Home by 0.9% in the 2nd quarter. New England Research & Management Inc. now owns 46,214 shares of the company's stock worth $1,516,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

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.