Invitation Homes (NYSE:INVH) PT Raised to $37.00

Invitation Homes (NYSE:INVHGet Free Report) had its price target upped by equities researchers at Evercore ISI from $36.00 to $37.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price objective points to a potential upside of 3.21% from the stock’s previous close.

A number of other research analysts have also weighed in on INVH. Citigroup reaffirmed a “neutral” rating and issued a $39.00 price target on shares of Invitation Homes in a research note on Friday, March 22nd. Barclays lowered their price target on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Raymond James lifted their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Scotiabank upped their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Invitation Homes has a consensus rating of “Moderate Buy” and an average target price of $38.06.

Get Our Latest Stock Analysis on Invitation Homes

Invitation Homes Stock Down 0.7 %

INVH stock opened at $35.85 on Tuesday. Invitation Homes has a one year low of $28.49 and a one year high of $36.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21. The firm’s fifty day moving average is $35.18 and its 200 day moving average is $34.41. The firm has a market cap of $21.96 billion, a PE ratio of 41.21, a P/E/G ratio of 2.22 and a beta of 0.99.

Invitation Homes (NYSE:INVHGet Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The business had revenue of $646.04 million for the quarter, compared to analyst estimates of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. On average, research analysts forecast that Invitation Homes will post 1.83 EPS for the current year.

Insider Transactions at Invitation Homes

In related news, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the sale, the chief operating officer now owns 275,296 shares in the company, valued at approximately $9,594,065.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction on Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the sale, the director now directly owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Invitation Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INVH. BOK Financial Private Wealth Inc. purchased a new position in shares of Invitation Homes during the first quarter worth approximately $26,000. Creekmur Asset Management LLC acquired a new stake in Invitation Homes during the 4th quarter worth $46,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in Invitation Homes by 96.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after purchasing an additional 1,061 shares during the last quarter. Mather Group LLC. purchased a new position in Invitation Homes during the 1st quarter worth $75,000. Finally, GAMMA Investing LLC acquired a new position in Invitation Homes in the fourth quarter valued at $79,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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