Brokerages Set Invitation Homes Inc. (NYSE:INVH) PT at $37.94

Invitation Homes Inc. (NYSE:INVH - Get Free Report) has been given an average recommendation of "Hold" by the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $37.94.

Several research analysts have weighed in on the stock. Scotiabank upped their price objective on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Oppenheimer raised their price target on shares of Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Raymond James boosted their price objective on Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. The Goldman Sachs Group increased their price objective on Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Barclays lifted their target price on Invitation Homes from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Friday, May 9th.

Invitation Homes Trading Down 0.3%

Shares of Invitation Homes stock traded down $0.09 on Wednesday, hitting $33.01. 2,680,055 shares of the company's stock traded hands, compared to its average volume of 3,352,315. The company has a fifty day moving average of $33.68 and a two-hundred day moving average of $32.90. Invitation Homes has a one year low of $29.37 and a one year high of $37.80. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 46.50, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

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, beating 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 firm had revenue of $674.48 million during the quarter, compared to analysts' expectations of $663.77 million. During the same quarter last year, the firm posted $0.47 earnings per share. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is presently 150.65%.

Institutional Investors Weigh In On Invitation Homes

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Invitation Homes during the 4th quarter valued at $1,646,794,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Invitation Homes by 1,019.8% during 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 buying an additional 5,603,077 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Invitation Homes by 74.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after buying an additional 4,661,213 shares during the period. Nuveen LLC purchased a new stake in shares of Invitation Homes in the first quarter worth about $148,870,000. Finally, Centersquare Investment Management LLC boosted its position in shares of Invitation Homes by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after acquiring an additional 3,870,432 shares during the period. Institutional investors own 96.79% of the company's stock.

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.