Invitation Home (NYSE:INVH) Reaches New 1-Year Low – Time to Sell?

by · The Cerbat Gem

Invitation Home (NYSE:INVH – Get Free Report)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $27.32 and last traded at $27.3650, with a volume of 1743007 shares traded. The stock had previously closed at $27.66.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays cut their price objective on shares of Invitation Home from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. Bank of America lowered their price target on Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Morgan Stanley dropped their price target on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.91.

Read Our Latest Research Report on Invitation Home

Invitation Home Price Performance

The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $28.26 and a 200-day simple moving average of $30.51. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 2.69 and a beta of 0.83.

Invitation Home (NYSE:INVH – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 6.03% and a net margin of 21.70%.Invitation Home’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, equities research analysts expect that Invitation Home will post 1.83 EPS for the current year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.3%. The ex-dividend date was Thursday, September 25th. Invitation Home’s dividend payout ratio (DPR) is currently 122.11%.

Institutional Investors Weigh In On Invitation Home

Several hedge funds have recently made changes to their positions in INVH. LPL Financial LLC increased its stake in Invitation Home by 78.7% during the first quarter. LPL Financial LLC now owns 137,605 shares of the company’s stock valued at $4,796,000 after acquiring an additional 60,604 shares during the period. XTX Topco Ltd acquired a new stake in shares of Invitation Home during the 1st quarter worth approximately $455,000. Commerce Bank increased its position in shares of Invitation Home by 4.2% during the first quarter. Commerce Bank now owns 10,197 shares of the company’s stock valued at $355,000 after purchasing an additional 414 shares during the period. Vanguard Group Inc. increased its position in shares of Invitation Home by 0.9% during the first quarter. Vanguard Group Inc. now owns 94,306,901 shares of the company’s stock valued at $3,286,595,000 after purchasing an additional 829,212 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Invitation Home by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,664,294 shares of the company’s stock valued at $232,251,000 after purchasing an additional 65,843 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Home Company Profile

(Get Free Report)

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.

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