Invitation Homes (NYSE:INVH) had its price objective hoisted by equities research analysts at Credit Suisse Group from $36.00 to $41.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Credit Suisse Group's price target points to a potential upside of 8.04% from the company's current price.
A number of other equities analysts have also recently commented on INVH. TheStreet raised shares of Invitation Homes from a "c" rating to a "b-" rating in a report on Tuesday, February 16th. Royal Bank of Canada started coverage on shares of Invitation Homes in a research note on Tuesday, March 30th. They issued an "outperform" rating and a $35.00 price objective on the stock. B. Riley increased their target price on shares of Invitation Homes from $39.00 to $41.00 and gave the stock a "buy" rating in a research note on Monday, May 3rd. Zacks Investment Research upgraded Invitation Homes from a "sell" rating to a "hold" rating in a research report on Tuesday, May 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Invitation Homes from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, May 26th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Invitation Homes has a consensus rating of "Buy" and an average target price of $36.42.
INVH opened at $37.95 on Friday. The business's 50-day moving average price is $34.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.04 and a quick ratio of 1.04. Invitation Homes has a one year low of $25.96 and a one year high of $38.00. The firm has a market capitalization of $21.54 billion, a PE ratio of 105.42, a P/E/G ratio of 7.00 and a beta of 0.84.
Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.23). Invitation Homes had a return on equity of 2.40% and a net margin of 11.01%. The firm had revenue of $475.20 million for the quarter, compared to analysts' expectations of $473.21 million. During the same quarter in the prior year, the business earned $0.34 EPS. The company's quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Invitation Homes will post 1.38 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. Schroder Investment Management Group raised its holdings in shares of Invitation Homes by 12.9% in the first quarter. Schroder Investment Management Group now owns 1,755,250 shares of the company's stock worth $56,150,000 after acquiring an additional 200,911 shares during the last quarter. Pendal Group Limited increased its position in Invitation Homes by 14.1% during the 1st quarter. Pendal Group Limited now owns 79,400 shares of the company's stock worth $2,540,000 after purchasing an additional 9,800 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG increased its position in Invitation Homes by 19.3% during the 1st quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 19,097 shares of the company's stock worth $611,000 after purchasing an additional 3,088 shares in the last quarter. Virtu Financial LLC acquired a new position in Invitation Homes in the 1st quarter valued at about $1,062,000. Finally, Adelante Capital Management LLC lifted its holdings in Invitation Homes by 11.4% in the 1st quarter. Adelante Capital Management LLC now owns 1,896,857 shares of the company's stock valued at $60,681,000 after purchasing an additional 194,707 shares in the last quarter. Hedge funds and other institutional investors own 99.33% of the company's stock.
Invitation Homes Company Profile
Invitation Homes is the nation's premier single-family home leasing 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.
Featured Article: What is the Fibonacci sequence?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: What does an equal weight rating mean?7 Electric Vehicle (EV) Stocks That Have Real Juice
I’ll start with a disclaimer. You won’t see Tesla (NASDAQ:TSLA) or Nio (NYSE:NIO) on this list. And that’s not because I’m being contrarian. I just view Tesla and Nio as the known quantities in the electric vehicle sector. The goal of this presentation is to help you identify stocks that may be flying under your radar.
Many EV stocks went public in 2020 via a special purpose acquisition company (SPAC). There is both good and bad to that story. The good is that investors have many options for investing in the EV sector. Many of the companies that have entered the market are attempting to carve out a specific niche.
The potentially bad news is that these stocks are very speculative in nature. Whereas companies like Tesla and Nio have a proven (albeit recent) track record, there are things like revenue and orders that investors can analyze. With many of these newly public companies, investors are being asked to buy the story more than the stock and that is always risky.
However, in this special presentation, we’ve identified seven companies that look like they have a story that is compelling enough that investors should be rewarded in 2021.
View the "7 Electric Vehicle (EV) Stocks That Have Real Juice"