Invitation Homes Inc. (NYSE:INVH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Invitation Homes Inc. (NYSE:INVH) has been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $38.79.

A number of brokerages recently weighed in on INVH. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays assumed coverage on shares of Invitation Homes in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 price objective on the stock. Royal Bank of Canada reduced their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Keefe, Bruyette & Woods lowered their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group started coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock.

Invitation Homes Stock Down 0.6 %

Invitation Homes stock opened at $32.10 on Friday. Invitation Homes has a twelve month low of $31.01 and a twelve month high of $37.80. The business has a fifty day moving average of $33.30 and a two-hundred day moving average of $34.72. The firm has a market cap of $19.66 billion, a P/E ratio of 45.21, a P/E/G ratio of 5.03 and a beta of 1.03. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is 157.75%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INVH. UMB Bank n.a. boosted its position in Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Paladin Wealth LLC purchased a new stake in Invitation Homes during the third quarter worth $40,000. Family Firm Inc. acquired a new stake in Invitation Homes during the second quarter valued at $42,000. Ashton Thomas Private Wealth LLC purchased a new position in Invitation Homes in the second quarter valued at $44,000. Finally, Headlands Technologies LLC purchased a new position in Invitation Homes in the second quarter valued at $45,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

About Invitation Homes

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.