Invitation Homes Inc. (NYSE:INVH) Given Consensus Rating of “Hold” by Analysts

Invitation Homes Inc. (NYSE:INVH) has earned a consensus rating of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $38.29.

INVH has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Barclays began coverage on shares of Invitation Homes in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 price target for the company. Mizuho dropped their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Finally, Royal Bank of Canada decreased their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st.

Invitation Homes Stock Performance

Shares of INVH opened at $31.31 on Thursday. Invitation Homes has a one year low of $30.13 and a one year high of $37.80. The company has a 50-day simple moving average of $32.66 and a two-hundred day simple moving average of $34.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $19.18 billion, a PE ratio of 44.09, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.71%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 163.38%.

Institutional Investors Weigh In On Invitation Homes

Several institutional investors have recently modified their holdings of the business. Orion Portfolio Solutions LLC bought a new stake in Invitation Homes in the 3rd quarter worth approximately $263,000. Swedbank AB boosted its stake in shares of Invitation Homes by 25.1% in the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock worth $20,269,000 after buying an additional 115,211 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Invitation Homes in the third quarter worth $3,825,000. Bank of Montreal Can increased its position in Invitation Homes by 18.0% during the second quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock valued at $19,566,000 after acquiring an additional 83,142 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Invitation Homes by 696.9% in the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock valued at $2,508,000 after acquiring an additional 61,973 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes 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.