Keefe, Bruyette & Woods Cuts Invitation Home (NYSE:INVH) Price Target to $33.00

Key Points

• Keefe, Bruyette & Woods has decreased the price target for Invitation Home (NYSE:INVH) from $37.00 to $33.00, maintaining a "market perform" rating on the stock, which indicates a potential upside of 8.32% from its previous close.
• Despite the price target cut, Oppenheimer and Raymond James Financial recently upgraded their ratings on INVH, with price targets raised to $41.00 and $39.00, respectively.
• Invitation Home reported quarterly earnings of $0.48 EPS, matching analyst expectations, and experienced a revenue increase of 4.3% compared to the same period last year.

Invitation Home (NYSE:INVH - Get Free Report) had its target price reduced by analysts at Keefe, Bruyette & Woods from $37.00 to $33.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 8.32% from the company's previous close.

Several other analysts have also issued reports on INVH. Barclays restated an "overweight" rating on shares of Invitation Home in a research report on Tuesday, July 15th. Oppenheimer increased their price target on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Raymond James Financial upped their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Scotiabank boosted their price target on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, The Goldman Sachs Group raised their price target on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.64.

Invitation Home Stock Up 0.9%

INVH stock opened at $30.47 on Wednesday. The company's 50 day moving average is $32.64 and its 200 day moving average is $32.88. The stock has a market cap of $18.68 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47. Invitation Home has a 1-year low of $29.37 and a 1-year high of $37.80.

Invitation Home (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $681.40 million during the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%. The company's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. Sell-side analysts predict that Invitation Home will post 1.83 EPS for the current fiscal year.

Insider Activity

In related news, CEO Dallas B. Tanner sold 148,749 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the sale, the chief executive officer directly owned 642,973 shares of the company's stock, valued at approximately $21,481,727.93. This represents a 18.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new position in Invitation Home in the 2nd quarter worth approximately $30,000. Larson Financial Group LLC boosted its stake in Invitation Home by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company's stock valued at $32,000 after purchasing an additional 854 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of Invitation Home in the 1st quarter worth $37,000. Zions Bancorporation National Association UT bought a new position in shares of Invitation Home during the first quarter valued at $40,000. Finally, North Capital Inc. purchased a new stake in shares of Invitation Home during the first quarter valued at $41,000. Institutional investors own 96.79% of the company's stock.

Invitation Home 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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