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.
Check Out Our Latest Stock Analysis on INVH
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
(
Get Free Report)
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.
Further Reading

Before you consider Invitation Homes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invitation Homes wasn't on the list.
While Invitation Homes currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.