Zacks Investment Research upgraded shares of Invitation Home Inc. (NYSE:INVH) from a hold rating to a buy rating in a research report report published on Wednesday, July 12th. Zacks Investment Research currently has $24.00 target price on the stock.
According to Zacks, “Invitation Homes Inc. provides real estate services. It focuses on owning, renovating, leasing and operating single-family residential properties primarily in the United States. Invitation Homes Inc. is headquartered in Dallas, Texas. “
A number of other equities research analysts have also weighed in on the stock. Royal Bank Of Canada reaffirmed an outperform rating and set a $24.00 price target (up from $23.00) on shares of Invitation Home in a report on Tuesday, May 16th. Evercore ISI initiated coverage on shares of Invitation Home in a report on Monday, June 5th. They set an outperform rating and a $24.00 price objective for the company. Zelman & Associates raised shares of Invitation Home from a hold rating to a buy rating in a report on Friday, June 23rd. Finally, FBR & Co restated a buy rating on shares of Invitation Home in a research report on Saturday, May 13th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $24.08.
Invitation Home (NYSE INVH) traded down 1.208% during mid-day trading on Wednesday, reaching $20.855. 351,505 shares of the company traded hands. The stock has a 50-day moving average of $21.51 and a 200 day moving average of $21.47. The stock’s market capitalization is $6.47 billion. Invitation Home has a 52-week low of $19.80 and a 52-week high of $22.43.
Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Thursday, May 11th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.02. The business had revenue of $238.80 million for the quarter, compared to the consensus estimate of $238.10 million. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts expect that Invitation Home will post ($0.09) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.52%. This is an increase from Invitation Home’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, August 11th.
Several hedge funds have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. bought a new stake in Invitation Home during the first quarter worth approximately $109,000. PNC Financial Services Group Inc. bought a new stake in Invitation Home during the first quarter worth approximately $111,000. SG Americas Securities LLC bought a new stake in Invitation Home during the first quarter worth approximately $112,000. State of Alaska Department of Revenue bought a new stake in Invitation Home during the second quarter worth approximately $136,000. Finally, Meeder Asset Management Inc. bought a new stake in Invitation Home during the second quarter worth approximately $157,000.
About Invitation Home
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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