Invitation Homes (NYSE:INVH) Sets New 52-Week Low – What’s Next?

Invitation Homes Inc. (NYSE:INVH)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $30.78 and last traded at $30.97, with a volume of 2183145 shares trading hands. The stock had previously closed at $31.19.

Analyst Ratings Changes

INVH has been the topic of several analyst reports. Barclays started coverage on shares of Invitation Homes in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 target price on the stock. 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 Monday, September 16th. Mizuho lowered their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Hold” and a consensus price target of $38.29.

Invitation Homes Stock Down 1.0 %

The business’s 50 day simple moving average is $32.94 and its 200 day simple moving average is $34.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $18.78 billion, a PE ratio of 43.18, a P/E/G ratio of 5.03 and a beta of 1.04.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.78%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, December 26th. Invitation Homes’s dividend payout ratio is 163.38%.

Institutional Trading of Invitation Homes

A number of institutional investors and hedge funds have recently bought and sold shares of INVH. State Street Corp increased its holdings in Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after purchasing an additional 298,307 shares during the period. FMR LLC grew its position in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after buying an additional 753,464 shares in the last quarter. Canada Pension Plan Investment Board increased its stake 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 worth $567,597,000 after buying an additional 128,000 shares during the period. Daiwa Securities Group Inc. lifted its stake in Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after acquiring an additional 997,353 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Invitation Homes by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after acquiring an additional 170,374 shares in the last quarter. 96.79% of the stock is currently 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.