Invitation Home (NYSE:INVH) Stock Gets Price Target Cut from Royal Bank Of Canada

Invitation Home (NYSE:INVH) had its price target cut by Royal Bank Of Canada from $31.00 to $29.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Several other equities research analysts have also weighed in on INVH. UBS Group cut their target price on shares of Invitation Home from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Monday. Compass Point raised shares of Invitation Home to a “hold” rating in a report on Thursday, July 9th. BMO Capital Markets boosted their price target on shares of Invitation Home from $32.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Scotiabank lowered their price objective on shares of Invitation Home from $30.00 to $28.00 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. Finally, Barclays raised their price objective on Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.15.

Invitation Home Stock Performance

Shares of NYSE:INVH opened at $26.80 on Tuesday. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 3.95 and a beta of 0.82. The firm’s 50 day simple moving average is $28.09 and its 200 day simple moving average is $28.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $30.89.

Invitation Home (NYSE:INVH) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.34. The business had revenue of $747.55 million for the quarter, compared to analyst estimates of $731.13 million. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. Invitation Home’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. As a group, sell-side analysts forecast that Invitation Home will post 1.90 earnings per share for the current year.

Invitation Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 24th will be given a $0.30 dividend. The ex-dividend date is Thursday, September 24th. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. Invitation Home’s payout ratio is currently 110.09%.

Institutional Trading of Invitation Home

A number of large investors have recently bought and sold shares of INVH. Jupiter Topco LLC bought a new stake in shares of Invitation Home during the second quarter worth $4,243,000. Paralel Advisors LLC raised its holdings in shares of Invitation Home by 218.2% during the second quarter. Paralel Advisors LLC now owns 65,628 shares of the company’s stock worth $1,983,000 after acquiring an additional 45,000 shares during the period. Junto Capital Management LP bought a new stake in Invitation Home in the 2nd quarter valued at $59,101,000. Bank of America Corp DE bought a new stake in Invitation Home in the 2nd quarter valued at $75,411,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Invitation Home in the 2nd quarter valued at $6,559,000. 96.79% of the stock is owned by institutional investors.

About Invitation Home

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing, offering residents access to detached homes with services that generally include leasing, property management, maintenance and resident support.

Invitation Homes serves communities across a broad group of U.S. markets, with a significant presence in the Sun Belt and other high-growth metropolitan areas.