Royal Bank Of Canada Cuts Invitation Home (NYSE:INVH) Price Target to $34.00

Key Points

• Royal Bank of Canada has lowered its price target for Invitation Home (NYSE:INVH) from $35.00 to $34.00, indicating a potential upside of 12.12% from the current share price.
• Several other brokerages have also adjusted their price targets, with Citigroup raising INVH's target from $35.00 to $38.50 while giving it a "buy" rating.
• Invitation Home has a market cap of $18.59 billion and reported a revenue of $681.40 million for the last quarter, reflecting a year-over-year increase of 4.3%.

Invitation Home (NYSE:INVH - Get Free Report) had its price objective cut by research analysts at Royal Bank Of Canada from $35.00 to $34.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target would indicate a potential upside of 12.12% from the company's current price.

Several other brokerages have also recently weighed in on INVH. Raymond James Financial boosted their price objective on shares of Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Scotiabank boosted their price objective on shares of Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Keefe, Bruyette & Woods boosted their target price on shares of Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, May 5th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and upped their price target for the company from $35.00 to $38.50 in a research report on Friday, June 6th. Finally, Barclays reaffirmed an "overweight" rating on shares of Invitation Home in a research report on Tuesday, July 15th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.86.

Invitation Home Price Performance

Shares of NYSE INVH traded down $0.32 during midday trading on Friday, reaching $30.33. 1,889,470 shares of the company were exchanged, compared to its average volume of 3,253,034. The stock's 50-day moving average price is $32.81 and its 200-day moving average price is $32.88. The stock has a market cap of $18.59 billion, a P/E ratio of 34.49, a PEG ratio of 2.34 and a beta of 0.80. Invitation Home has a one year low of $29.37 and a one year high of $37.80. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.46.

Invitation Home (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.54%. The firm had revenue of $681.40 million for the quarter, compared to analysts' expectations of $675.01 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company's revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the sale, the chief executive officer owned 642,973 shares of the company's stock, valued at $21,481,727.93. The trade was a 18.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Virtus ETF Advisers LLC grew its position in Invitation Home by 7.0% in the fourth quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after acquiring an additional 319 shares in the last quarter. Snowden Capital Advisors LLC raised its stake in shares of Invitation Home by 2.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock valued at $400,000 after acquiring an additional 319 shares during the last quarter. Horizon Investments LLC raised its stake in shares of Invitation Home by 5.0% during the first quarter. Horizon Investments LLC now owns 8,182 shares of the company's stock valued at $285,000 after acquiring an additional 386 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Invitation Home by 2.5% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company's stock valued at $561,000 after purchasing an additional 399 shares in the last quarter. Finally, New England Research & Management Inc. increased its stake in shares of Invitation Home by 0.9% in the 2nd quarter. New England Research & Management Inc. now owns 46,214 shares of the company's stock worth $1,516,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Home 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.

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