Invitation Home (NYSE:INVH) Downgraded by Mizuho to “Hold”

Invitation Home (NYSE:INVH) was downgraded by equities research analysts at Mizuho from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

INVH has been the subject of a number of other research reports. Royal Bank Of Canada dropped 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. Bank of America dropped their price target on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Invitation Home in a research report on Monday, December 29th. Evercore ISI lowered their price objective on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, UBS Group dropped their target price on shares of Invitation Home from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.53.

Invitation Home Stock Performance

NYSE INVH opened at $26.67 on Wednesday. The firm has a market cap of $16.35 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.49 and a beta of 0.83. The company has a 50-day simple moving average of $27.61 and a two-hundred day simple moving average of $29.46. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a 12-month low of $25.29 and a 12-month high of $35.80.

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

Hedge Funds Weigh In On Invitation Home

Several hedge funds and other institutional investors have recently modified their holdings of INVH. Aurora Investment Managers LLC. bought a new stake in Invitation Home during the 4th quarter valued at approximately $2,740,000. Gradient Investments LLC lifted its stake in shares of Invitation Home by 6.0% in the 4th quarter. Gradient Investments LLC now owns 52,944 shares of the company’s stock valued at $1,471,000 after purchasing an additional 2,997 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invitation Home by 68.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 94,999 shares of the company’s stock valued at $2,676,000 after purchasing an additional 38,653 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in Invitation Home in the fourth quarter worth $303,000. Finally, Sarasin & Partners LLP grew its stake in Invitation Home by 36.8% in the fourth quarter. Sarasin & Partners LLP now owns 86,137 shares of the company’s stock worth $2,394,000 after purchasing an additional 23,193 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.