Invitation Homes Inc. (NYSE:INVH) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Invitation Homes Inc. (NYSE:INVH - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eighteen research firms that are covering the stock, MarketBeat.com reports. Nine 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 target among brokerages that have covered the stock in the last year is $37.97.

Several equities analysts recently commented on the company. Oppenheimer raised their target price on Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Barclays raised their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Scotiabank raised their target price on Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Royal Bank of Canada raised their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their target price on Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th.

Institutional Investors Weigh In On Invitation Homes

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC grew its stake in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after purchasing an additional 825 shares during the period. Larson Financial Group LLC grew its stake in shares of Invitation Homes by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after purchasing an additional 854 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Invitation Homes during the first quarter worth $37,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

INVH opened at $33.52 on Friday. The firm has a market capitalization of $20.55 billion, a P/E ratio of 47.21, a price-to-earnings-growth ratio of 4.70 and a beta of 0.82. The stock's 50 day moving average price is $33.59 and its two-hundred day moving average price is $32.86. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes has a 12-month low of $29.37 and a 12-month high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. During the same quarter last year, the company earned $0.47 EPS. The company's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, June 26th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.46%. Invitation Homes's dividend payout ratio (DPR) is currently 150.65%.

About Invitation Homes

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.

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