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Invitation Homes (NYSE:INVH) Stock Price Up 1.1%

Defense World · Sep 25, 2022 04:11

Shares of Invitation Homes Inc. (NYSE:INVH – Get Rating) rose 1.1% on Friday . The stock traded as high as $35.39 and last traded at $35.37. Approximately 48,955 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 10,211,686 shares. The stock had previously closed at $35.00.

Analysts Set New Price Targets

INVH has been the subject of several analyst reports. Mizuho cut their target price on shares of Invitation Homes from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, July 6th. Raymond James restated a "strong-buy" rating and issued a $44.00 price target (down previously from $48.00) on shares of Invitation Homes in a report on Thursday, June 23rd. The Goldman Sachs Group lifted their price target on Invitation Homes from $40.50 to $45.00 and gave the company a "buy" rating in a report on Tuesday, August 16th. Credit Suisse Group lowered their price target on Invitation Homes from $47.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, June 22nd. Finally, Evercore ISI lowered their price target on Invitation Homes from $41.00 to $39.00 and set an "outperform" rating for the company in a report on Monday, September 19th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $44.29.

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Invitation Homes Stock Up 0.1 %

The stock has a fifty day moving average price of $37.59 and a 200-day moving average price of $38.01. The firm has a market cap of $21.38 billion, a PE ratio of 61.46, a PEG ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.10 and a current ratio of 0.10.

Invitation Homes (NYSE:INVH – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.22). The company had revenue of $557.30 million for the quarter, compared to analyst estimates of $548.52 million. Invitation Homes had a return on equity of 3.66% and a net margin of 16.37%. Research analysts expect that Invitation Homes Inc. will post 1.65 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Tuesday, August 9th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Monday, August 8th. Invitation Homes's dividend payout ratio (DPR) is presently 154.39%.

Hedge Funds Weigh In On Invitation Homes

Several hedge funds and other institutional investors have recently bought and sold shares of INVH. Swiss National Bank raised its position in shares of Invitation Homes by 18.0% in the 1st quarter. Swiss National Bank now owns 2,584,757 shares of the company's stock valued at $103,856,000 after purchasing an additional 393,700 shares in the last quarter. Appleton Partners Inc. MA raised its holdings in Invitation Homes by 7.5% in the first quarter. Appleton Partners Inc. MA now owns 15,210 shares of the company's stock valued at $611,000 after acquiring an additional 1,055 shares in the last quarter. Bank of Montreal Can boosted its stake in Invitation Homes by 162.3% during the 1st quarter. Bank of Montreal Can now owns 1,025,493 shares of the company's stock valued at $41,963,000 after acquiring an additional 634,559 shares during the last quarter. Xponance Inc. grew its holdings in Invitation Homes by 5.8% during the 1st quarter. Xponance Inc. now owns 6,835 shares of the company's stock worth $275,000 after acquiring an additional 373 shares in the last quarter. Finally, Oak Thistle LLC grew its holdings in Invitation Homes by 138.2% during the 1st quarter. Oak Thistle LLC now owns 14,061 shares of the company's stock worth $565,000 after acquiring an additional 8,157 shares in the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

About Invitation Homes

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Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.