Barclays Issues Positive Forecast for Invitation Homes (NYSE:INVH) Stock Price

Invitation Homes (NYSE:INVH) had its target price hoisted by Barclays from $37.00 to $39.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

INVH has been the subject of several other reports. Oppenheimer increased their target price on Invitation Homes from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday. Raymond James dropped their price objective on shares of Invitation Homes from $40.00 to $36.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.88.

Invitation Homes Price Performance

INVH stock opened at $34.75 on Friday. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 48.94, a P/E/G ratio of 4.70 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a 50 day simple moving average of $33.67 and a 200 day simple moving average of $32.85. Invitation Homes has a 1 year low of $29.37 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $674.48 million for the quarter, compared to analysts’ expectations of $663.77 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Invitation Homes will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.34%. Invitation Homes’s payout ratio is currently 150.65%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC grew its stake in Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 825 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Invitation Homes by 1,313.8% during the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after buying an additional 854 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after acquiring an additional 378 shares in the last quarter. Finally, North Capital Inc. bought a new stake in shares of Invitation Homes in the 1st quarter valued at $41,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Company Profile

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.