Evercore ISI Analysts Give Invitation Homes (NYSE:INVH) a $42.00 Price Target

Evercore ISI set a $42.00 target price on Invitation Homes (NYSE:INVHGet Rating) in a research report released on Monday morning, Stock Target Advisor reports.

INVH has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Invitation Homes from $52.00 to $51.00 and set a buy rating for the company in a research report on Thursday, March 24th. Mizuho reduced their price target on Invitation Homes from $48.00 to $45.00 and set a buy rating for the company in a research report on Wednesday, March 30th. Jefferies Financial Group began coverage on Invitation Homes in a research report on Wednesday, April 20th. They issued a buy rating and a $48.00 price target for the company. Morgan Stanley reduced their price target on Invitation Homes from $44.50 to $42.50 and set an overweight rating for the company in a research report on Friday, May 27th. Finally, BMO Capital Markets initiated coverage on Invitation Homes in a research note on Thursday, April 14th. They issued a market perform rating and a $45.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Invitation Homes currently has a consensus rating of Moderate Buy and a consensus price target of $46.17.

INVH opened at $35.08 on Monday. The stock has a market cap of $21.41 billion, a price-to-earnings ratio of 70.16, a PEG ratio of 3.04 and a beta of 0.89. Invitation Homes has a 1 year low of $33.15 and a 1 year high of $45.80. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $37.79 and a 200 day moving average price of $40.20.

Invitation Homes (NYSE:INVHGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.25). Invitation Homes had a net margin of 14.43% and a return on equity of 3.29%. During the same period last year, the firm posted $0.36 EPS. As a group, sell-side analysts forecast that Invitation Homes will post 1.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Tuesday, May 10th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, May 9th. This represents a $0.88 annualized dividend and a dividend yield of 2.51%. Invitation Homes’s dividend payout ratio is currently 176.00%.

Hedge funds have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new stake in shares of Invitation Homes in the 4th quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Invitation Homes by 526.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 664 shares of the company’s stock worth $27,000 after acquiring an additional 558 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Invitation Homes in the 1st quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invitation Homes by 53.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 872 shares of the company’s stock worth $40,000 after acquiring an additional 303 shares in the last quarter. Finally, Anson Funds Management LP acquired a new position in shares of Invitation Homes in the 1st quarter worth approximately $42,000.

Invitation Homes Company Profile (Get Rating)

Invitation Homes is the nation's premier single-family home leasing 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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