Invitation Home (NYSE:INVH) Given New $28.00 Price Target at Scotiabank

Invitation Home (NYSE:INVH) had its target price dropped by stock analysts at Scotiabank from $30.00 to $28.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 2.46% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on INVH. Jefferies Financial Group upgraded shares of Invitation Home to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a research report on Thursday, August 27th. UBS Group upped their price target on shares of Invitation Home from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price objective on Invitation Home from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Finally, BMO Capital Markets increased their target price on Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $32.42.

Invitation Home Trading Up 0.4%

Shares of NYSE:INVH traded up $0.12 during trading on Thursday, reaching $27.33. The stock had a trading volume of 1,197,016 shares, compared to its average volume of 5,784,719. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. The stock has a market cap of $16.14 billion, a P/E ratio of 25.08, a PEG ratio of 3.94 and a beta of 0.83. The business has a fifty day moving average price of $29.50 and a 200-day moving average price of $28.31. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $30.89.

Invitation Home (NYSE:INVH) last announced its earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.34. The firm had revenue of $747.55 million for the quarter, compared to analyst estimates of $731.13 million. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. Invitation Home’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. As a group, analysts anticipate that Invitation Home will post 1.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INVH. BlackRock Inc. bought a new stake in shares of Invitation Home in the 2nd quarter worth about $1,866,973,000. Norges Bank bought a new position in shares of Invitation Home during the fourth quarter worth about $1,438,952,000. Geode Capital Management LLC grew its stake in Invitation Home by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock worth $468,997,000 after purchasing an additional 203,474 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Invitation Home by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,379,282 shares of the company’s stock worth $208,225,000 after purchasing an additional 132,006 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Invitation Home in the second quarter valued at about $193,539,000. 96.79% of the stock is owned by institutional investors and hedge funds.

About Invitation Home

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.