Invitation Home (NYSE:INVH) Hits New 52-Week Low Following Analyst Downgrade

Invitation Home (NYSE:INVH) shares hit a new 52-week low during mid-day trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $38.00 to $37.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Invitation Home traded as low as $27.32 and last traded at $27.4750, with a volume of 704548 shares changing hands. The stock had previously closed at $27.54.

A number of other equities analysts have also recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Scotiabank cut their price target on shares of Invitation Home from $36.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Morgan Stanley decreased their price objective on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Finally, Bank of America cut their target price on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.09.

Institutional Trading of Invitation Home

Large investors have recently bought and sold shares of the business. Pallas Capital Advisors LLC acquired a new position in shares of Invitation Home during the 2nd quarter worth about $432,000. Aberdeen Group plc grew its holdings in Invitation Home by 4.8% during the second quarter. Aberdeen Group plc now owns 1,550,283 shares of the company’s stock worth $50,849,000 after purchasing an additional 70,924 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its holdings in Invitation Home by 2.4% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company’s stock worth $199,732,000 after purchasing an additional 134,012 shares during the period. Allspring Global Investments Holdings LLC increased its position in Invitation Home by 0.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 63,583 shares of the company’s stock worth $2,084,000 after buying an additional 533 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in Invitation Home in the first quarter valued at approximately $329,000. 96.79% of the stock is owned by institutional investors.

Invitation Home Stock Down 0.2%

The stock has a market cap of $16.84 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 2.89 and a beta of 0.81. The firm has a 50 day simple moving average of $28.74 and a 200-day simple moving average of $31.06. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. Invitation Home’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, equities research analysts forecast that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.2%. Invitation Home’s dividend payout ratio (DPR) is currently 122.11%.

About Invitation Home

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.