Bank of America Lowers Invitation Home (NYSE:INVH) Price Target to $36.00

Invitation Home (NYSE:INVH) had its price objective reduced by research analysts at Bank of America from $37.00 to $36.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s price objective indicates a potential upside of 27.49% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Mizuho reduced their price target on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Barclays reduced their target price on Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on 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. Finally, Evercore ISI decreased their price objective on Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Nine equities 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 a consensus rating of “Moderate Buy” and an average target price of $35.15.

Invitation Home Price Performance

INVH stock opened at $28.24 on Wednesday. The business has a 50 day moving average price of $28.87 and a 200 day moving average price of $31.24. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 2.98 and a beta of 0.81. Invitation Home has a fifty-two week low of $27.38 and a fifty-two week high of $35.80.

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

Hedge Funds Weigh In On Invitation Home

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in Invitation Home during the 2nd quarter worth $30,000. Larson Financial Group LLC increased its stake in shares of Invitation Home by 1,313.8% during the first quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock worth $32,000 after acquiring an additional 854 shares during the period. GKV Capital Management Co. Inc. purchased a new position in Invitation Home during the first quarter worth about $37,000. Hantz Financial Services Inc. raised its holdings in Invitation Home by 1,695.2% during the third quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock worth $33,000 after purchasing an additional 1,068 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in Invitation Home in the first quarter valued at about $40,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.