Invitation Homes Inc. (NYSE:INVH) Receives Consensus Rating of “Moderate Buy” from Analysts

Invitation Homes Inc. (NYSE:INVH) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $38.19.

A number of research firms have recently commented on INVH. Citigroup reissued a “neutral” rating and issued a $39.00 price objective on shares of Invitation Homes in a research note on Friday, March 22nd. Morgan Stanley dropped their price objective on Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 26th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, March 7th. Evercore ISI reissued an “in-line” rating and issued a $36.00 price objective on shares of Invitation Homes in a research note on Monday, March 18th. Finally, Oppenheimer boosted their price objective on Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $33.78 on Tuesday. The firm’s 50-day simple moving average is $34.22 and its 200 day simple moving average is $33.37. The stock has a market cap of $20.69 billion, a P/E ratio of 40.21, a P/E/G ratio of 1.99 and a beta of 0.94. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes has a fifty-two week low of $28.49 and a fifty-two week high of $36.53.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The company had revenue of $624.32 million for the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. Equities analysts expect that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were paid a $0.28 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.32%. Invitation Homes’s dividend payout ratio is presently 133.33%.

Insider Activity

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Invitation Homes

A number of institutional investors have recently bought and sold shares of INVH. Creekmur Asset Management LLC bought a new position in Invitation Homes during the fourth quarter valued at about $46,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after buying an additional 1,061 shares in the last quarter. Mather Group LLC. bought a new position in Invitation Homes during the first quarter valued at about $75,000. GAMMA Investing LLC bought a new stake in Invitation Homes during the fourth quarter worth approximately $79,000. Finally, NBC Securities Inc. acquired a new position in Invitation Homes in the 3rd quarter valued at $86,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Invitation Homes

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.