Invitation Homes (NYSE:INVH) Upgraded at Citigroup

Invitation Homes (NYSE:INVH - Get Free Report) was upgraded by Citigroup from a "neutral" rating to a "buy" rating in a research note issued to investors on Friday, Marketbeat reports. The brokerage presently has a $38.50 target price on the stock, up from their prior target price of $35.00. Citigroup's target price suggests a potential upside of 16.00% from the company's previous close.

Other analysts also recently issued research reports about the stock. Scotiabank increased their price objective on shares of Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Raymond James increased their price objective on shares of Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, May 5th. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Finally, Oppenheimer increased their price objective on shares of Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Invitation Homes currently has an average rating of "Moderate Buy" and an average price target of $37.97.

Invitation Homes Price Performance

Invitation Homes stock remained flat at $33.19 during midday trading on Friday. 3,287,347 shares of the company were exchanged, compared to its average volume of 3,404,659. The company has a market capitalization of $20.34 billion, a P/E ratio of 46.75, a P/E/G ratio of 4.70 and a beta of 0.82. Invitation Homes has a 1 year low of $29.37 and a 1 year high of $37.80. The business has a 50-day moving average of $33.48 and a two-hundred day moving average of $32.87. 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 (NYSE:INVH - Get Free Report) last issued 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 firm had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Invitation Homes's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. On average, analysts expect that Invitation Homes will post 1.83 EPS for the current fiscal year.

Institutional Trading of Invitation Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INVH. Norges Bank purchased a new stake in Invitation Homes in the fourth quarter valued at approximately $1,646,794,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Invitation Homes by 1,019.8% in the first 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 purchasing an additional 5,603,077 shares during the period. JPMorgan Chase & Co. raised its position in Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after purchasing an additional 4,661,213 shares during the period. Nuveen LLC purchased a new stake in Invitation Homes in the first quarter valued at approximately $148,870,000. Finally, Centersquare Investment Management LLC raised its position in 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 purchasing an additional 3,870,432 shares during the period. Hedge funds and other 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.