Scotiabank Cuts Invitation Home (NYSE:INVH) Price Target to $28.00

Invitation Home (NYSE:INVH) had its price target cut by Scotiabank from $30.00 to $28.00 in a research report sent to investors on Thursday morning, MarketBeat reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also issued reports on the company. Cfra lowered Invitation Home from a “hold” rating to a “sell” rating and cut their price target for the company from $29.00 to $27.00 in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods lifted their price objective on Invitation Home from $29.00 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. BMO Capital Markets lifted their price objective on Invitation Home from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, June 15th. Barclays upped their target price on shares of Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company upgraded shares of Invitation Home from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $31.00 to $33.00 in a research report on Wednesday, June 24th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.42.

Invitation Home Price Performance

INVH opened at $26.86 on Thursday. Invitation Home has a one year low of $24.25 and a one year high of $30.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. The company’s 50 day simple moving average is $29.40 and its 200-day simple moving average is $28.30. The stock has a market capitalization of $15.86 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 3.83 and a beta of 0.83.

Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.34. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The firm had revenue of $747.55 million during the quarter, compared to analysts’ expectations of $731.13 million. During the same quarter in the previous year, the company posted $0.48 EPS. Invitation Home’s revenue was up 9.7% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. Sell-side analysts anticipate that Invitation Home will post 1.9 earnings per share for the current fiscal year.

Invitation Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 24th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.20 annualized dividend and a yield of 4.5%. Invitation Home’s dividend payout ratio (DPR) is presently 110.09%.

Institutional Investors Weigh In On Invitation Home

Several large investors have recently bought and sold shares of INVH. Clearstead Trust LLC bought a new stake in shares of Invitation Home in the 2nd quarter valued at $28,000. Parkside Financial Bank & Trust grew its stake in Invitation Home by 110.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,018 shares of the company’s stock valued at $31,000 after acquiring an additional 535 shares during the period. Raiffeisen Bank International AG increased its holdings in shares of Invitation Home by 174.5% in the second quarter. Raiffeisen Bank International AG now owns 1,301 shares of the company’s stock worth $40,000 after acquiring an additional 827 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Invitation Home by 7,687.5% in the first quarter. AdvisorNet Financial Inc now owns 1,869 shares of the company’s stock worth $46,000 after acquiring an additional 1,845 shares in the last quarter. Finally, Essential Partners LLC raised its position in shares of Invitation Home by 353.7% during the first quarter. Essential Partners LLC now owns 1,883 shares of the company’s stock worth $47,000 after purchasing an additional 1,468 shares during the period. Institutional investors own 96.79% of the company’s stock.

Invitation Home Company Profile

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.