Invitation Homes (NYSE:INVH) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Invitation Homes shares moved above their 50-day moving average, trading as high as $27.75 and last changing hands at $27.588.
• Analyst sentiment is mixed: 11 rate the stock Buy, nine Hold and one Sell, leaving a consensus Hold rating and a $32 average price target.
• Quarterly EPS of $0.27 beat estimates of $0.18, while revenue of $731.28 million missed forecasts. The company’s quarterly dividend of $0.30 equates to a 4.3% yield.

Invitation Homes (NYSE:INVH - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $27.26 and traded as high as $27.75. Invitation Homes shares last traded at $27.5880, with a volume of 7,497,430 shares changing hands.

Wall Street Analyst Weigh In

INVH has been the subject of several analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Invitation Homes in a research report on Thursday, August 27th. BTIG Research set a $32.00 price objective on shares of Invitation Homes in a research report on Monday, September 21st. Scotiabank lowered their price objective on shares of Invitation Homes from $30.00 to $28.00 and set a "sector perform" rating for the company in a research note on Thursday, September 17th. Oppenheimer increased their target price on shares of Invitation Homes from $31.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada dropped their target price on shares of Invitation Homes from $31.00 to $29.00 and set a "sector perform" rating for the company in a report on Tuesday, October 13th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.00.

Invitation Homes Stock Up 3.7%

The company has a debt-to-equity ratio of 0.40, a current ratio of 0.01 and a quick ratio of 0.01. The stock has a market capitalization of $15.89 billion, a PE ratio of 24.20, a PEG ratio of 4.15 and a beta of 0.81. The company has a 50 day moving average price of $27.26 and a 200-day moving average price of $27.79.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.09. The company had revenue of $731.28 million during the quarter, compared to analyst estimates of $742.55 million. Invitation Homes had a return on equity of 7.62% and a net margin of 23.54%. The firm's revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. As a group, analysts forecast that Invitation Homes will post 1.90 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 24th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, September 24th. Invitation Homes's dividend payout ratio (DPR) is currently 105.26%.

Institutional Investors Weigh In On Invitation Homes

A number of large investors have recently modified their holdings of INVH. Clearstead Trust LLC purchased a new position in Invitation Homes during the second quarter valued at $28,000. Parkside Financial Bank & Trust boosted its holdings in Invitation Homes by 110.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,018 shares of the company's stock worth $31,000 after acquiring an additional 535 shares in the last quarter. Raiffeisen Bank International AG boosted its holdings in Invitation Homes by 174.5% in the second quarter. Raiffeisen Bank International AG now owns 1,301 shares of the company's stock worth $40,000 after acquiring an additional 827 shares in the last quarter. Essential Partners LLC grew its stake in shares of Invitation Homes by 353.7% in the first quarter. Essential Partners LLC now owns 1,883 shares of the company's stock worth $47,000 after acquiring an additional 1,468 shares during the last quarter. Finally, Provenance Wealth Advisors LLC purchased a new stake in shares of Invitation Homes in the third quarter worth $50,000. Institutional investors own 96.79% of the company's stock.

About Invitation Homes

Invitation Homes Inc NYSE: INVH is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing for individuals and families, with properties generally located in suburban communities and metropolitan areas.

The company’s services include home leasing, property management, resident support, maintenance and renovations. Invitation Homes uses technology and centralized operating systems to market homes, manage lease agreements, collect rent and coordinate property care.

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