Invitation Homes Inc (NYSE:INVH) has received a consensus rating of “Buy” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $25.63.
A number of equities research analysts recently commented on the company. B. Riley assumed coverage on Invitation Homes in a research report on Monday, March 12th. They set a “buy” rating and a $26.00 price target on the stock. Mizuho assumed coverage on Invitation Homes in a research report on Thursday, December 14th. They set a “buy” rating and a $27.00 price target on the stock. Evercore ISI set a $26.00 price target on Invitation Homes and gave the stock an “outperform” rating in a research report on Monday, November 27th. Zacks Investment Research lowered Invitation Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. started coverage on Invitation Homes in a research report on Tuesday, December 12th. They set an “overweight” rating on the stock.
Invitation Homes (INVH) traded down $0.18 during midday trading on Wednesday, reaching $22.60. The company had a trading volume of 1,651,625 shares, compared to its average volume of 2,664,014. The company has a market cap of $7,092.65 and a price-to-earnings ratio of -75.33. Invitation Homes has a 1-year low of $20.25 and a 1-year high of $24.30. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.84 and a current ratio of 0.84.
Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The business had revenue of $329.95 million for the quarter, compared to analyst estimates of $330.16 million. Invitation Homes had a negative return on equity of 2.91% and a negative net margin of 10.02%. Invitation Homes’s revenue for the quarter was up 40.7% on a year-over-year basis. research analysts anticipate that Invitation Homes will post 1.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.95%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, February 12th. Invitation Homes’s dividend payout ratio (DPR) is presently -146.66%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB bought a new position in Invitation Homes in the 4th quarter valued at $685,000. Envestnet Asset Management Inc. boosted its position in Invitation Homes by 286.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 89,168 shares of the company’s stock valued at $2,101,000 after buying an additional 66,097 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Invitation Homes in the 4th quarter valued at $2,988,000. Salem Investment Counselors Inc. boosted its position in Invitation Homes by 21.5% in the 4th quarter. Salem Investment Counselors Inc. now owns 18,228 shares of the company’s stock valued at $430,000 after buying an additional 3,228 shares during the last quarter. Finally, Halsey Associates Inc. CT bought a new position in Invitation Homes in the 4th quarter valued at $9,625,000.
About Invitation Homes
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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