Morgan Stanley Has Lowered Expectations for Invitation Home (NYSE:INVH) Stock Price

Invitation Home (NYSE:INVH) had its price objective dropped by equities research analysts at Morgan Stanley from $35.00 to $34.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 19.61% from the stock’s previous close.

INVH has been the subject of a number of other reports. Oppenheimer set a $38.00 price target on Invitation Home and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Bank of America dropped their target price on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday. Royal Bank Of Canada cut their target price on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Evercore ISI decreased their price target on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Finally, Barclays dropped their price objective on shares of Invitation Home from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.15.

Invitation Home Stock Performance

NYSE:INVH traded down $0.49 during midday trading on Thursday, reaching $28.43. The stock had a trading volume of 1,677,660 shares, compared to its average volume of 3,646,066. The stock has a market capitalization of $17.43 billion, a P/E ratio of 29.91, a PEG ratio of 2.95 and a beta of 0.81. The firm’s fifty day simple moving average is $28.91 and its 200-day simple moving average is $31.26. Invitation Home has a 1-year low of $27.38 and a 1-year high of $35.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03.

Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The business had revenue of $688.17 million for the quarter, compared to analyst estimates of $679.41 million. During the same period in the previous year, the company posted $0.47 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, equities research analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Pallas Capital Advisors LLC acquired a new stake in Invitation Home in the 2nd quarter valued at about $432,000. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Invitation Home by 2.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company’s stock worth $199,732,000 after acquiring an additional 134,012 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Invitation Home by 0.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 63,583 shares of the company’s stock worth $2,084,000 after purchasing an additional 533 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Invitation Home during the first quarter valued at approximately $329,000. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Invitation Home by 220.2% during the second quarter. Sequoia Financial Advisors LLC now owns 21,966 shares of the company’s stock valued at $720,000 after purchasing an additional 15,106 shares during the last quarter. 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.