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.
Analyst Upgrades and Downgrades
INVH has been the subject of a number of recent research reports. Credit Suisse Group cut their target price on shares of Invitation Homes from $47.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, June 22nd. Mizuho reduced their target price on shares of Invitation Homes from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, July 6th. Oppenheimer began coverage on shares of Invitation Homes in a report on Monday, July 18th. They issued a "market perform" rating and a $39.00 price target for the company. The Goldman Sachs Group lifted their price target on Invitation Homes from $40.50 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Jefferies Financial Group decreased their price objective on Invitation Homes from $44.00 to $41.00 and set a "buy" rating on the stock in a research report on Thursday, June 30th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $44.41.
Invitation Homes Trading Up 0.1 %
Shares of NYSE:INVH traded up $0.03 during mid-day trading on Tuesday, reaching $39.81. The company had a trading volume of 1,292,688 shares, compared to its average volume of 4,078,226. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of 69.84, a price-to-earnings-growth ratio of 3.56 and a beta of 0.89. Invitation Homes has a 52 week low of $33.15 and a 52 week high of $45.80. The business's 50-day moving average is $36.39 and its 200-day moving average is $38.52. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.53.
Invitation Homes Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Tuesday, August 9th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.21%. Invitation Homes's dividend payout ratio is currently 154.39%.