Invitation Homes (NYSE:INVH) Price Target Raised to $41.00

Invitation Homes (NYSE:INVH - Get Free Report) had its target price increased by equities research analysts at Oppenheimer from $39.00 to $41.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Oppenheimer's target price would indicate a potential upside of 17.43% from the company's current price.

A number of other research analysts have also issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and upped their target price for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Royal Bank of Canada upped their price target on Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, Raymond James decreased their price objective on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $37.76.

Invitation Homes Stock Down 0.2 %

Shares of NYSE INVH opened at $34.92 on Tuesday. The business has a 50-day moving average of $33.60 and a two-hundred day moving average of $32.81. Invitation Homes has a 1 year low of $29.37 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $21.40 billion, a price-to-earnings ratio of 49.18, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

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

Hedge Funds Weigh In On Invitation Homes

A number of large investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its stake in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after acquiring an additional 329 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Invitation Homes by 654.8% during the 4th 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 last quarter. Larson Financial Group LLC raised its holdings in Invitation Homes by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after buying an additional 854 shares during the period. Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 378 shares during the period. Finally, North Capital Inc. acquired a new position in shares of Invitation Homes in the 1st quarter worth approximately $41,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes 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.

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