Invitation Homes (NYSE:INVH) Price Target Raised to $36.00

Invitation Homes (NYSE:INVH) had its target price increased by investment analysts at Keefe, Bruyette & Woods from $35.00 to $36.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 6.46% from the company’s current price.

Other research analysts also recently issued reports about the stock. Barclays dropped their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.53.

Invitation Homes Stock Down 0.2 %

INVH stock traded down $0.08 during mid-day trading on Wednesday, reaching $33.82. The company had a trading volume of 378,327 shares, compared to its average volume of 3,060,467. The firm has a fifty day simple moving average of $31.59 and a 200 day simple moving average of $33.41. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 47.62, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Analysts forecast that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Invitation Homes during the 4th quarter valued at about $1,646,794,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Invitation Homes by 767.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after purchasing an additional 4,883,564 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in Invitation Homes by 42.9% during the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after purchasing an additional 3,870,432 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Invitation Homes in the fourth quarter valued at approximately $67,743,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.