Invitation Homes Inc (NYSE:INVH) has received a consensus recommendation of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $25.63.
Several equities research analysts have weighed in on the stock. Citigroup assumed coverage on shares of Invitation Homes in a research report on Friday, December 8th. They issued a “buy” rating and a $27.00 price objective for the company. Mizuho restated a “buy” rating and issued a $25.00 price objective on shares of Invitation Homes in a research report on Tuesday, February 27th. Evercore ISI set a $26.00 price objective on shares of Invitation Homes and gave the company an “outperform” rating in a research report on Monday, November 27th. B. Riley set a $26.00 price objective on shares of Invitation Homes and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Invitation Homes in a research report on Tuesday, December 12th. They issued an “overweight” rating for the company.
Shares of Invitation Homes (NYSE:INVH) traded up $0.15 during mid-day trading on Wednesday, reaching $22.78. 7,802,331 shares of the company traded hands, compared to its average volume of 2,269,113. Invitation Homes has a 12-month low of $20.25 and a 12-month high of $24.30. The company has a market cap of $7,045.95 and a P/E ratio of -75.93. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.59.
Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $329.95 million during the quarter, compared to analysts’ expectations of $330.16 million. Invitation Homes had a negative net margin of 10.02% and a negative return on equity of 2.91%. The business’s revenue was up 40.7% compared to the same quarter last year. equities research analysts predict that Invitation Homes will post 1.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 13th were given a dividend of $0.11 per share. This is a boost from Invitation Homes’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.44 annualized dividend and a dividend yield of 1.93%. Invitation Homes’s payout ratio is currently -146.66%.
Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Invitation Homes by 344.8% during the 4th quarter. BlackRock Inc. now owns 21,966,336 shares of the company’s stock worth $517,746,000 after buying an additional 17,028,345 shares during the period. APG Asset Management US Inc. grew its position in shares of Invitation Homes by 12.1% during the 4th quarter. APG Asset Management US Inc. now owns 12,216,500 shares of the company’s stock worth $287,943,000 after buying an additional 1,315,918 shares during the period. Cbre Clarion Securities LLC grew its position in shares of Invitation Homes by 173.5% during the 4th quarter. Cbre Clarion Securities LLC now owns 11,641,783 shares of the company’s stock worth $274,397,000 after buying an additional 7,385,803 shares during the period. Zimmer Partners LP acquired a new stake in shares of Invitation Homes during the 4th quarter worth approximately $252,609,000. Finally, Bank of New York Mellon Corp grew its position in shares of Invitation Homes by 1,605.4% during the 4th quarter. Bank of New York Mellon Corp now owns 8,722,439 shares of the company’s stock worth $205,587,000 after buying an additional 8,210,968 shares during the period.
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About Invitation Homes
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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