Keefe, Bruyette & Woods Increases Invitation Homes (NYSE:INVH) Price Target to $37.00

Invitation Homes (NYSE:INVH - Free Report) had its price objective lifted by Keefe, Bruyette & Woods from $36.00 to $37.00 in a research note released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other research firms have also issued reports on INVH. Raymond James reduced their target price 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. Barclays reiterated an "overweight" rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, Royal Bank of Canada upped their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $37.88.

Invitation Homes Trading Up 0.5 %

Invitation Homes stock traded up $0.18 during trading on Monday, hitting $34.75. The company had a trading volume of 1,809,851 shares, compared to its average volume of 3,307,163. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 48.94, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. 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 1-year low of $29.37 and a 1-year high of $37.80. The company's 50 day simple moving average is $33.67 and its 200-day simple moving average is $32.85.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $663.77 million. During the same quarter in the previous year, the business earned $0.47 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts expect that Invitation Homes will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in INVH. Lindbrook Capital LLC increased its holdings in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after acquiring an additional 329 shares during the period. SRS Capital Advisors Inc. raised its holdings in shares of Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after buying an additional 825 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Invitation Homes by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company's stock worth $32,000 after buying an additional 854 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of 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 last quarter. Finally, North Capital Inc. acquired a new position in Invitation Homes in the 1st quarter valued at about $41,000. 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.