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.
Wall Street Analyst Weigh In
Several analysts have issued reports on INVH shares. Jefferies Financial Group dropped their price target on Invitation Homes from $44.00 to $41.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Morgan Stanley lowered their target price on Invitation Homes from $42.50 to $40.50 and set an "overweight" rating on the stock in a research report on Friday, July 15th. Credit Suisse Group lowered their target price on Invitation Homes from $47.00 to $40.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 22nd. KeyCorp lowered their target price on Invitation Homes from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 28th. Finally, BMO Capital Markets initiated coverage on Invitation Homes in a research report on Thursday, April 14th. They issued a "market perform" rating and a $45.00 target price on the stock. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $44.53.
Invitation Homes Stock Performance
Shares of NYSE:INVH traded down $0.05 during trading on Thursday, reaching $38.89. 2,287,810 shares of the stock were exchanged, compared to its average volume of 4,129,054. Invitation Homes has a 12 month low of $33.15 and a 12 month high of $45.80. The firm has a market cap of $23.74 billion, a PE ratio of 68.32, a PEG ratio of 3.43 and a beta of 0.89. The stock has a 50-day moving average price of $36.29 and a 200-day moving average price of $38.58. 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 Announces Dividend
The firm 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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Monday, August 8th. Invitation Homes's payout ratio is presently 154.39%.