Invitation Home (NYSE:INVH) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Invitation Home (NYSE:INVH) from a neutral rating to an overweight rating in a research note released on Friday, MarketBeat.com reports. JPMorgan Chase & Co. currently has $38.00 target price on the stock.

INVH has been the subject of several other research reports. Wells Fargo & Company lowered their price target on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Monday, October 13th. Royal Bank Of Canada lowered their price target on shares of Invitation Home from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Invitation Home in a research report on Wednesday, October 8th. Barclays decreased their price objective on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Finally, Scotiabank decreased their price objective on shares of Invitation Home from $38.00 to $36.00 and set a “sector performer” rating for the company in a report on Thursday, August 28th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Invitation Home has a consensus rating of “Moderate Buy” and a consensus price target of $36.34.

Invitation Home Trading Up 0.2%

Shares of INVH stock opened at $28.51 on Friday. Invitation Home has a 12-month low of $27.71 and a 12-month high of $35.80. The company has a market capitalization of $17.48 billion, a P/E ratio of 32.40, a P/E/G ratio of 2.84 and a beta of 0.81. The firm has a 50-day moving average price of $29.69 and a 200 day moving average price of $31.83. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47.

Invitation Home (NYSE:INVH) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The firm had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. During the same period last year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. Research analysts forecast that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, September 25th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.16 dividend on an annualized basis and a yield of 4.1%. Invitation Home’s payout ratio is presently 131.82%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new position in Invitation Home in the second quarter valued at approximately $30,000. Larson Financial Group LLC lifted its stake in Invitation Home by 1,313.8% in the first quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock valued at $32,000 after buying an additional 854 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in Invitation Home in the first quarter valued at approximately $37,000. Zions Bancorporation National Association UT bought a new position in Invitation Home in the first quarter valued at approximately $40,000. Finally, North Capital Inc. bought a new position in Invitation Home in the first quarter valued at approximately $41,000. Institutional investors own 96.79% of the company’s stock.

About Invitation Home

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.