Invitation Homes Inc (NYSE:INVH) has been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.69.
A number of research firms recently issued reports on INVH. Mizuho reissued a “buy” rating and set a $25.00 price objective on shares of Invitation Homes in a research report on Tuesday, February 27th. Zacks Investment Research cut Invitation Homes from a “buy” rating to a “hold” rating in a research report on Saturday, April 21st. Morgan Stanley reduced their price objective on Invitation Homes from $27.00 to $24.50 and set an “overweight” rating for the company in a research report on Thursday, June 14th. Robert W. Baird began coverage on Invitation Homes in a research report on Wednesday, March 28th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, TheStreet lowered Invitation Homes from a “c-” rating to a “d+” rating in a report on Wednesday, June 13th.
INVH traded down $0.03 during trading on Friday, reaching $22.57. 71,168 shares of the stock traded hands, compared to its average volume of 2,255,833. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 86.92, a PEG ratio of 3.25 and a beta of -0.51. Invitation Homes has a fifty-two week low of $20.25 and a fifty-two week high of $24.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.14.
Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Monday, May 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.31). The firm had revenue of $423.70 million for the quarter, compared to analyst estimates of $415.58 million. Invitation Homes had a negative net margin of 6.50% and a negative return on equity of 1.31%. Invitation Homes’s revenue for the quarter was up 77.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. sell-side analysts forecast that Invitation Homes will post 1.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Tuesday, May 15th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, May 14th. This represents a $0.44 annualized dividend and a yield of 1.95%. Invitation Homes’s dividend payout ratio (DPR) is currently 169.23%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc increased its stake in shares of Invitation Homes by 16.2% in the first quarter. CIBC Asset Management Inc now owns 21,087 shares of the company’s stock worth $481,000 after purchasing an additional 2,939 shares during the period. Toronto Dominion Bank increased its stake in shares of Invitation Homes by 16.1% in the first quarter. Toronto Dominion Bank now owns 21,312 shares of the company’s stock worth $487,000 after purchasing an additional 2,962 shares during the period. TCW Group Inc. increased its stake in shares of Invitation Homes by 7.7% in the fourth quarter. TCW Group Inc. now owns 43,926 shares of the company’s stock worth $1,036,000 after purchasing an additional 3,149 shares during the period. Salem Investment Counselors Inc. increased its stake in shares of Invitation Homes by 21.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 18,228 shares of the company’s stock worth $430,000 after purchasing an additional 3,228 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Invitation Homes by 115.4% in the first quarter. PNC Financial Services Group Inc. now owns 6,980 shares of the company’s stock worth $160,000 after purchasing an additional 3,740 shares during the period.
About Invitation Homes
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With more than 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
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