Invitation Home (NYSE:INVH) Receives $34.59 Average Price Target from Brokerages

Invitation Home (NYSE:INVH) has been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $34.70.

Several equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Invitation Home in a report on Monday, December 29th. Keefe, Bruyette & Woods dropped their price target on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Mizuho cut their price objective on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. JPMorgan Chase & Co. decreased their target price on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. Finally, Scotiabank dropped their target price on shares of Invitation Home from $36.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th.

Invitation Home Trading Down 0.8%

NYSE:INVH opened at $27.49 on Thursday. The firm has a market capitalization of $16.85 billion, a P/E ratio of 28.93, a PEG ratio of 2.61 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. Invitation Home has a one year low of $26.02 and a one year high of $35.80. The company’s 50-day simple moving average is $27.67 and its 200 day simple moving average is $29.54.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $679.41 million. During the same period last year, the business earned $0.47 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Invitation Home Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Tuesday, December 23rd will be given a $0.30 dividend. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $1.20 annualized dividend and a yield of 4.4%. Invitation Home’s payout ratio is currently 126.32%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Invitation Home during the second quarter valued at $1,693,992,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Invitation Home by 1,019.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,152,508 shares of the company’s stock valued at $214,415,000 after acquiring an additional 5,603,077 shares during the period. UBS Group AG boosted its holdings in shares of Invitation Home by 101.4% during the 3rd quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock valued at $145,966,000 after acquiring an additional 2,505,909 shares during the last quarter. Amundi grew its stake in shares of Invitation Home by 169.0% in the third quarter. Amundi now owns 3,296,876 shares of the company’s stock worth $93,038,000 after acquiring an additional 2,071,407 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Invitation Home by 2,205.3% in the second quarter. AQR Capital Management LLC now owns 1,715,777 shares of the company’s stock worth $56,277,000 after acquiring an additional 1,641,351 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.