Invitation Home’s (INVH) Buy Rating Reiterated at B. Riley
Several other equities research analysts also recently issued reports on INVH. Zacks Investment Research upgraded Invitation Home from a hold rating to a buy rating and set a $24.00 price target for the company in a report on Wednesday, July 12th. Keefe, Bruyette & Woods upgraded Invitation Home from a market perform rating to an outperform rating and lowered their price target for the stock from $23.00 to $22.00 in a report on Monday, August 14th. Finally, FBR & Co restated a buy rating on shares of Invitation Home in a report on Thursday, September 21st. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $24.50.
Invitation Home (NYSE INVH) opened at $23.73 on Thursday. Invitation Home has a one year low of $19.80 and a one year high of $23.89. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.43 and a quick ratio of 1.43.
Invitation Home (NYSE:INVH) last released its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $242.22 million during the quarter, compared to analyst estimates of $240.58 million. Invitation Home’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities analysts anticipate that Invitation Home will post 1.01 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, October 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.35%.
Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. bought a new position in shares of Invitation Home during the first quarter worth about $111,000. SG Americas Securities LLC bought a new position in shares of Invitation Home during the first quarter worth about $112,000. State of Alaska Department of Revenue bought a new position in shares of Invitation Home during the second quarter worth about $136,000. Meeder Asset Management Inc. bought a new position in shares of Invitation Home during the second quarter worth about $157,000. Finally, GAM Holding AG grew its holdings in shares of Invitation Home by 28.1% during the second quarter. GAM Holding AG now owns 7,300 shares of the company’s stock worth $158,000 after buying an additional 1,600 shares in the last quarter.
About Invitation Home
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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