Invitation Home (NYSE:INVH) Hits New 52-Week Low Following Analyst Downgrade

Invitation Home (NYSE:INVH) shares reached a new 52-week low on Wednesday after Mizuho downgraded the stock from an outperform rating to a neutral rating. Mizuho now has a $27.00 price target on the stock, down from their previous price target of $30.00. Invitation Home traded as low as $25.29 and last traded at $25.7530, with a volume of 13456579 shares changing hands. The stock had previously closed at $28.10.

Several other brokerages have also issued reports on INVH. Wells Fargo & Company decreased their price target on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Monday, October 13th. Royal Bank Of Canada cut their target price on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Barclays lowered their price target on shares of Invitation Home from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Bank of America cut their price objective on Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Invitation Home by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company’s stock worth $3,116,862,000 after buying an additional 719,365 shares in the last quarter. Norges Bank acquired a new position in shares of Invitation Home during the 2nd quarter valued at $1,693,992,000. State Street Corp boosted its stake in Invitation Home by 1.3% during the third quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after acquiring an additional 462,379 shares in the last quarter. Geode Capital Management LLC boosted its stake in Invitation Home by 2.0% during the second quarter. Geode Capital Management LLC now owns 15,855,732 shares of the company’s stock worth $518,018,000 after acquiring an additional 309,953 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Invitation Home by 8.8% in the third quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after purchasing an additional 1,168,113 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Home Trading Down 0.6%

The firm’s 50 day simple moving average is $27.61 and its two-hundred day simple moving average is $29.46. The stock has a market capitalization of $16.24 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.49 and a beta of 0.83. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last issued its earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The company had revenue of $688.17 million during the quarter, compared to the consensus estimate of $679.41 million. During the same period last year, the business posted $0.47 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, analysts forecast that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This is a positive change from Invitation Home’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. Invitation Home’s payout ratio is currently 126.32%.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.