Wells Fargo & Company Cuts 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 - Free Report) had its target price lowered by Wells Fargo & Company from $34.00 to $33.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also commented on INVH. Raymond James Financial increased their target price on shares of Invitation Home from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Oppenheimer increased their target price on shares of Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Scotiabank increased their target price on shares of Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Citigroup raised shares of Invitation Home from a "neutral" rating to a "buy" rating and increased their target price for the company from $35.00 to $38.50 in a report on Friday, June 6th. Finally, Barclays reduced their target price on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Invitation Home currently has a consensus rating of "Hold" and a consensus price target of $36.85.

Invitation Home Price Performance

Shares of NYSE:INVH traded up $0.38 during trading on Wednesday, reaching $31.32. The company had a trading volume of 3,686,683 shares, compared to its average volume of 3,578,968. The company has a fifty day moving average of $31.58 and a two-hundred day moving average of $32.81. The stock has a market capitalization of $19.20 billion, a P/E ratio of 35.59, a price-to-earnings-growth ratio of 3.13 and a beta of 0.82. Invitation Home has a 12 month low of $29.37 and a 12 month high of $37.80. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47.

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

Invitation Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, June 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, June 26th. Invitation Home's dividend payout ratio (DPR) is 131.82%.

Insider Transactions at Invitation Home

In other Invitation Home news, CEO Dallas B. Tanner sold 148,749 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $33.41, for a total value 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. This trade represents a 18.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Invitation Home

Several institutional investors and hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC lifted its position in shares of Invitation Home by 14.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 18,884 shares of the company's stock worth $619,000 after purchasing an additional 2,354 shares during the period. Squarepoint Ops LLC lifted its position in shares of Invitation Home by 130.7% in the 2nd quarter. Squarepoint Ops LLC now owns 35,288 shares of the company's stock worth $1,157,000 after purchasing an additional 19,990 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Invitation Home by 53.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 82,959 shares of the company's stock worth $2,721,000 after purchasing an additional 28,885 shares during the period. State of Wyoming purchased a new stake in shares of Invitation Home in the 2nd quarter worth about $183,000. Finally, Hudson Bay Capital Management LP lifted its position in shares of Invitation Home by 687.9% in the 2nd quarter. Hudson Bay Capital Management LP now owns 984,893 shares of the company's stock worth $32,304,000 after purchasing an additional 859,893 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

About Invitation Home

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.