Invitation Homes (NYSE:INVH) Given New $34.00 Price Target at Royal Bank of Canada

by · The Markets Daily

Invitation Homes (NYSE:INVH – Free Report) had its target price lowered by Royal Bank of Canada from $36.00 to $34.00 in a report published on Friday, Benzinga reports. The firm currently has a sector perform rating on the stock.

Several other analysts also recently issued reports on the company. Scotiabank lowered their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. The Goldman Sachs Group initiated coverage on Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price for the company. JPMorgan Chase & Co. raised their target price on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Evercore ISI raised their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Mizuho lowered their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes currently has an average rating of “Moderate Buy” and a consensus price target of $38.90.

Check Out Our Latest Analysis on Invitation Homes

Invitation Homes Stock Down 0.0 %

NYSE INVH traded down $0.01 during trading hours on Friday, hitting $31.40. The company had a trading volume of 3,993,091 shares, compared to its average volume of 3,363,710. Invitation Homes has a fifty-two week low of $30.20 and a fifty-two week high of $37.80. The company has a market capitalization of $19.24 billion, a price-to-earnings ratio of 44.23, a P/E/G ratio of 4.71 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The firm’s 50 day moving average is $34.99 and its 200 day moving average is $35.06.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.57%. Invitation Homes’s dividend payout ratio is currently 157.75%.

Institutional Investors Weigh In On Invitation Homes

Several large investors have recently made changes to their positions in INVH. UMB Bank n.a. increased its stake in shares of Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after purchasing an additional 641 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Invitation Homes in the third quarter valued at approximately $40,000. Family Firm Inc. acquired a new stake in shares of Invitation Homes in the second quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invitation Homes in the second quarter valued at approximately $44,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Invitation Homes in the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Invitation Homes

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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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