Invitation Homes (NYSE:INVH) Given New $41.00 Price Target at Oppenheimer

Invitation Homes (NYSE:INVH - Free Report) had its target price upped by Oppenheimer from $39.00 to $41.00 in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price target on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, May 5th. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Raymond James decreased their price target on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Barclays reaffirmed an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $37.88.

Invitation Homes Stock Up 0.5 %

Shares of NYSE INVH traded up $0.18 during mid-day trading on Tuesday, reaching $34.75. The company had a trading volume of 1,809,851 shares, compared to its average volume of 3,313,049. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes has a 52-week low of $29.37 and a 52-week high of $37.80. The stock has a market cap of $21.30 billion, a P/E ratio of 48.94, a PEG ratio of 4.70 and a beta of 0.87. The firm has a 50 day simple moving average of $33.67 and a two-hundred day simple moving average of $32.84.

Invitation Homes (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. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $674.48 million for the quarter, compared to the consensus estimate of $663.77 million. During the same period last year, the firm posted $0.47 EPS. Invitation Homes's revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts predict that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's dividend payout ratio is 150.65%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. lifted its holdings in shares of Invitation Homes by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after acquiring an additional 2,344 shares during the period. Capital World Investors acquired a new stake in Invitation Homes in the 4th quarter valued at about $4,891,000. Charles Schwab Investment Management Inc. raised its position in Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after purchasing an additional 31,184 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Invitation Homes in the fourth quarter worth about $595,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in shares of Invitation Homes by 0.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company's stock worth $178,942,000 after buying an additional 44,945 shares during the period. 96.79% of the stock is owned by institutional investors.

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.