BTIG Research set a $27.00 price target on Invitation Homes (NYSE:INVH) in a research report released on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the stock.
INVH has been the subject of a number of other reports. TheStreet cut Invitation Homes from a c rating to a d+ rating in a research report on Friday, February 15th. Zacks Investment Research raised Invitation Homes from a sell rating to a hold rating in a research report on Thursday, January 17th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $26.13.
Invitation Homes stock opened at $25.35 on Tuesday. Invitation Homes has a twelve month low of $19.21 and a twelve month high of $25.38. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.12. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 110.22, a P/E/G ratio of 3.32 and a beta of 0.54.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Tuesday, May 14th. Invitation Homes’s dividend payout ratio (DPR) is 226.09%.
In other news, major shareholder Real Estate Partner Blackstone sold 40,000,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $23.22, for a total transaction of $928,800,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Charles D. Young sold 29,925 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $24.83, for a total value of $743,037.75. Following the transaction, the chief operating officer now directly owns 176,184 shares of the company’s stock, valued at $4,374,648.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,029,925 shares of company stock valued at $999,203,038. Company insiders own 0.25% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co NY grew its holdings in Invitation Homes by 3.5% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 23,903 shares of the company’s stock valued at $581,000 after buying an additional 809 shares during the last quarter. FMR LLC grew its holdings in Invitation Homes by 90.7% during the 1st quarter. FMR LLC now owns 3,832,062 shares of the company’s stock valued at $93,234,000 after buying an additional 1,822,641 shares during the last quarter. Jane Street Group LLC grew its holdings in Invitation Homes by 436.1% during the 1st quarter. Jane Street Group LLC now owns 257,950 shares of the company’s stock valued at $6,276,000 after buying an additional 209,837 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Invitation Homes during the 1st quarter valued at $4,185,000. Finally, Morgan Stanley grew its holdings in Invitation Homes by 13.7% during the 1st quarter. Morgan Stanley now owns 3,100,050 shares of the company’s stock valued at $75,425,000 after buying an additional 373,762 shares during the last quarter.
Invitation Homes Company Profile
Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
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