Invitation Homes (NYSE:INVH) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Invitation Homes (NYSE:INVH) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $46.00 price objective on the stock.

Several other research firms have also issued reports on INVH. Keefe, Bruyette & Woods lowered their price target on shares of Invitation Homes from $38.00 to $37.00 and set a market perform rating for the company in a report on Tuesday, July 30th. Mizuho lowered their target price on shares of Invitation Homes from $37.00 to $36.00 and set a neutral rating for the company in a research note on Monday, June 3rd. Evercore ISI upped their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the company an outperform rating in a research report on Wednesday, August 28th. UBS Group lifted their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a buy rating in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a hold rating to a buy rating and upped their target price for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $39.00.

Invitation Homes Price Performance

INVH stock opened at $35.95 on Wednesday. The company has a market capitalization of $22.02 billion, a P/E ratio of 41.32, a PEG ratio of 4.60 and a beta of 0.99. The company has a fifty day moving average price of $35.75 and a 200-day moving average price of $35.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes has a 52-week low of $28.49 and a 52-week high of $37.80.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The company had revenue of $653.45 million for the quarter, compared to the consensus estimate of $654.70 million. As a group, equities analysts expect that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were given a $0.28 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.12 annualized dividend and a yield of 3.12%. Invitation Homes’s payout ratio is 128.74%.

Institutional Trading of Invitation Homes

Several institutional investors and hedge funds have recently modified their holdings of INVH. Cohen & Steers Inc. grew its holdings in Invitation Homes by 1.3% during the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after buying an additional 1,008,392 shares in the last quarter. Norges Bank bought a new stake in shares of Invitation Homes in the 4th quarter worth $1,346,883,000. Principal Financial Group Inc. raised its holdings in shares of Invitation Homes by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 20,923,484 shares of the company’s stock valued at $713,700,000 after purchasing an additional 147,050 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Invitation Homes by 0.8% during the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock valued at $567,597,000 after purchasing an additional 128,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Invitation Homes by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after purchasing an additional 170,374 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management 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.