Invitation Home (NYSE:INVH) Given New $31.00 Price Target at Wells Fargo & Company

Invitation Home (NYSE:INVH) had its price target raised by Wells Fargo & Company from $28.00 to $31.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 5.26% from the company’s previous close.

A number of other equities research analysts also recently commented on INVH. Royal Bank Of Canada raised their target price on Invitation Home from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Citigroup cut their price target on shares of Invitation Home from $36.50 to $31.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Citizens Jmp reduced their price objective on shares of Invitation Home from $40.00 to $35.00 and set a “market outperform” rating for the company in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Invitation Home in a research report on Friday, March 27th. Finally, Barclays increased their target price on shares of Invitation Home from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.50.

Invitation Home Stock Performance

NYSE:INVH traded up $0.20 during mid-day trading on Monday, reaching $29.45. The stock had a trading volume of 643,343 shares, compared to its average volume of 6,515,602. Invitation Home has a twelve month low of $24.25 and a twelve month high of $34.25. The business has a 50 day simple moving average of $27.13 and a 200 day simple moving average of $26.99. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 3.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02.

Invitation Home (NYSE:INVH) last issued its earnings results on Wednesday, April 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $579.00 million during the quarter, compared to the consensus estimate of $689.92 million. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, analysts expect that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invitation Home

A number of institutional investors and hedge funds have recently bought and sold shares of INVH. Essential Partners LLC grew its holdings in Invitation Home by 353.7% during the 1st quarter. Essential Partners LLC now owns 1,883 shares of the company’s stock valued at $47,000 after buying an additional 1,468 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Invitation Home by 4.6% in the first quarter. Bank of America Corp DE now owns 2,956,870 shares of the company’s stock valued at $73,478,000 after acquiring an additional 129,202 shares in the last quarter. Bull Harbor Capital LLC purchased a new stake in shares of Invitation Home in the first quarter valued at $290,000. Rush Island Management LP acquired a new stake in shares of Invitation Home during the first quarter valued at $105,292,000. Finally, Empowered Funds LLC increased its position in Invitation Home by 42.1% during the 1st quarter. Empowered Funds LLC now owns 20,090 shares of the company’s stock worth $499,000 after purchasing an additional 5,949 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.