Invitation Homes (NYSE:INVH) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

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

Other research analysts also recently issued reports about the company. Royal Bank of Canada lifted their price target on Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Barclays reiterated an "overweight" rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $37.59.

Invitation Homes Stock Up 0.0 %

NYSE INVH traded up $0.01 during mid-day trading on Monday, reaching $34.91. The stock had a trading volume of 2,519,153 shares, compared to its average volume of 3,304,747. The company has a fifty day moving average price of $33.65 and a 200 day moving average price of $32.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $21.40 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. Invitation Homes has a 1 year low of $29.37 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. During the same period last year, the firm posted $0.47 EPS. The company's revenue was up 4.4% on a year-over-year basis. On average, research analysts expect 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. Investors of record on Monday, March 17th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 150.65%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of INVH. Assetmark Inc. raised its holdings in shares of Invitation Homes by 179.5% during the fourth 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 bought a new position in shares of Invitation Homes in the fourth quarter valued at about $4,891,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after acquiring an additional 31,184 shares during the period. OFI Invest Asset Management acquired a new position in Invitation Homes in the 4th quarter valued at $595,000. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in Invitation Homes by 0.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company's stock worth $178,942,000 after acquiring an additional 44,945 shares during the period. Institutional investors own 96.79% of the company's stock.

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.