Wells Fargo & Company Lowers Invitation Home (NYSE:INVH) Price Target to $33.00

Key Points

• Wells Fargo & Company lowered its price target for Invitation Home from $34.00 to $33.00, maintaining an "equal weight" rating on the stock, which suggests a potential upside of 6.91% based on current prices.
• Invitation Home has seen varied target price adjustments from multiple analysts, with Goldman Sachs increasing their target from $39.00 to $43.00, while Keefe, Bruyette & Woods reduced theirs to $33.00.
• The company's recent quarterly earnings matched expectations at $0.48 per share, with a revenue of $681.40 million, marking a year-over-year increase of 4.3%.

Invitation Home (NYSE:INVH - Get Free Report) had its price objective reduced by equities research analysts at Wells Fargo & Company from $34.00 to $33.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price suggests a potential upside of 6.91% from the stock's current price.

Several other research analysts have also issued reports on the company. The Goldman Sachs Group raised their target price on Invitation Home from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods lowered their target price on Invitation Home from $37.00 to $33.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Scotiabank raised their target price on Invitation Home from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Raymond James Financial raised their target price on Invitation Home from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Citigroup raised Invitation Home from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $36.97.

Invitation Home Trading Up 0.2%

NYSE INVH opened at $30.87 on Wednesday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. Invitation Home has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a market cap of $18.92 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 3.06 and a beta of 0.78. The business's fifty day moving average is $31.74 and its 200 day moving average is $32.81.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.Invitation Home's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, sell-side analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling at Invitation Home

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

Hedge Funds Weigh In On Invitation Home

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank lifted its stake in Invitation Home by 6.6% in the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after purchasing an additional 19,084 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in Invitation Home during the fourth quarter valued at about $338,000. Wealth Enhancement Advisory Services LLC raised its position in Invitation Home by 9.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after purchasing an additional 1,268 shares in the last quarter. FORA Capital LLC purchased a new stake in Invitation Home during the fourth quarter valued at about $265,000. Finally, Wexford Capital LP bought a new position in shares of Invitation Home during the fourth quarter valued at about $320,000. Hedge funds and other 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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