Invitation Home (NYSE:INVH) Price Target Lowered to $28.00 at Scotiabank

Invitation Home (NYSE:INVH) had its price objective decreased by Scotiabank from $31.00 to $28.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 5.44% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Evercore ISI cut their price target on Invitation Home from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. UBS Group set a $28.00 price objective on Invitation Home in a research report on Wednesday. Keefe, Bruyette & Woods cut their target price on Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Invitation Home in a research note on Monday, December 29th. Finally, Royal Bank Of Canada lowered their price target on Invitation Home from $33.00 to $32.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.84.

Invitation Home Stock Up 1.2%

Shares of Invitation Home stock traded up $0.33 during trading hours on Wednesday, reaching $26.56. 3,874,267 shares of the company were exchanged, compared to its average volume of 9,494,513. The firm has a market cap of $16.28 billion, a PE ratio of 27.99, a PEG ratio of 2.51 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03. Invitation Home has a 1 year low of $25.29 and a 1 year high of $35.80. The stock’s fifty day moving average is $27.50 and its 200 day moving average is $29.26.

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

Hedge Funds Weigh In On Invitation Home

Several institutional investors have recently added to or reduced their stakes in the stock. Pallas Capital Advisors LLC bought a new position in shares of Invitation Home in the second quarter valued at approximately $432,000. Aberdeen Group plc raised its holdings in Invitation Home by 4.8% during the second quarter. Aberdeen Group plc now owns 1,550,283 shares of the company’s stock worth $50,849,000 after purchasing an additional 70,924 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Invitation Home by 0.8% in 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 during the period. Sequoia Financial Advisors LLC boosted its stake in Invitation Home by 220.2% during the 2nd 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Invitation Home by 290.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 58,190 shares of the company’s stock valued at $1,898,000 after purchasing an additional 43,277 shares in the last quarter. Institutional investors and hedge funds 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.