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

Invitation Home (NYSE:INVH - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are currently covering the company, 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 12 month price target among brokerages that have covered the stock in the last year is $37.97.

INVH has been the topic of several recent research reports. Scotiabank upped their price objective on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Oppenheimer upped their price objective on Invitation Home from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Raymond James Financial upped their price objective on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Barclays boosted their target price on Invitation Home from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Mizuho raised Invitation Home from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $33.00 to $36.00 in a research report on Thursday, March 13th.

Insider Buying and Selling at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 642,973 shares of the company's stock, valued at $21,481,727.93. This represents a 18.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Invitation Home

Several hedge funds have recently bought and sold shares of INVH. Assetmark Inc. grew its position in shares of Invitation Home by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after buying an additional 2,344 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Invitation Home by 6.6% during the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after buying an additional 19,084 shares in the last quarter. Capital World Investors bought a new position in shares of Invitation Home during the 4th quarter worth $4,891,000. Charles Schwab Investment Management Inc. grew its position in shares of Invitation Home by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after buying an additional 31,184 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Invitation Home during the 4th quarter worth $595,000. Institutional investors own 96.79% of the company's stock.

Invitation Home Price Performance

Shares of INVH traded up $0.21 during mid-day trading on Friday, hitting $33.74. 3,471,186 shares of the stock were exchanged, compared to its average volume of 3,394,022. The company has a market cap of $20.68 billion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 3.25 and a beta of 0.82. Invitation Home has a 52-week low of $29.37 and a 52-week high of $37.80. The firm has a 50-day moving average of $33.70 and a two-hundred day moving average of $32.85. 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 (NYSE:INVH - Get Free Report) last issued 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. The business had revenue of $674.48 million for the quarter, compared to analysts' expectations of $663.77 million. Invitation Home had a return on equity of 4.82% and a net margin of 18.01%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. On average, equities analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Announces Dividend

The firm 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 $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is presently 150.65%.

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.