Invitation Homes Inc (NYSE:INVH) has been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $30.64.
A number of brokerages have commented on INVH. Royal Bank of Canada increased their price objective on shares of Invitation Homes to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Credit Suisse Group lifted their price objective on shares of Invitation Homes from $28.50 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Morgan Stanley boosted their target price on shares of Invitation Homes from $31.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Goldman Sachs Group assumed coverage on Invitation Homes in a report on Friday, November 8th. They issued a “sell” rating and a $29.00 target price on the stock. Finally, B. Riley set a $30.00 price target on Invitation Homes and gave the company a “buy” rating in a research note on Friday, August 16th.
In other news, Director Barry S. Sternlicht sold 463,048 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $30.44, for a total value of $14,095,181.12. Following the completion of the sale, the director now directly owns 11,187 shares of the company’s stock, valued at approximately $340,532.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Vii-Nq Side-By-Side Gp L. Brep sold 57,600,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $30.05, for a total value of $1,730,880,000.00. The disclosure for this sale can be found here. Insiders sold a total of 102,945,904 shares of company stock worth $3,011,431,150 over the last ninety days. Insiders own 0.25% of the company’s stock.
INVH traded up $0.05 on Friday, hitting $30.13. 3,285,425 shares of the company were exchanged, compared to its average volume of 4,086,143. The firm has a 50-day moving average price of $30.29 and a two-hundred day moving average price of $28.39. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.08. Invitation Homes has a twelve month low of $19.21 and a twelve month high of $31.32. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 131.00, a price-to-earnings-growth ratio of 3.19 and a beta of 0.38.
Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.24). Invitation Homes had a net margin of 6.76% and a return on equity of 1.83%. The company had revenue of $443.33 million during the quarter, compared to analysts’ expectations of $446.66 million. During the same quarter in the previous year, the business posted $0.29 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that Invitation Homes will post 1.22 EPS for the current year.
The business also recently announced a dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. Invitation Homes’s payout ratio is 226.09%.
About Invitation Homes
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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