Invitation Homes (NYSE:INVH) Price Target Raised to $41.00

Friday, June 11, 2021 | MarketBeat

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.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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