Invitation Homes (NYSE:INVH) PT Lowered to $38.00

Invitation Homes (NYSE:INVH – Get Rating) had its target price lowered by Barclays from $39.00 to $38.00 in a research note released on Wednesday morning, The Fly reports. The brokerage currently has an overweight rating on the stock.

INVH has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered Invitation Homes from an overweight rating to a neutral rating and set a $35.00 target price on the stock. in a research note on Friday, December 16th. Scotiabank started coverage on Invitation Homes in a research note on Tuesday, January 17th. They set a sector perform rating and a $30.00 target price on the stock. Jefferies Financial Group lowered Invitation Homes from a buy rating to a hold rating and lowered their target price for the stock from $38.00 to $31.00 in a research note on Monday, January 2nd. The Goldman Sachs Group lowered Invitation Homes from a buy rating to a neutral rating and lowered their price objective for the stock from $38.00 to $35.00 in a research note on Thursday, December 8th. Finally, Mizuho lowered their price objective on Invitation Homes from $39.00 to $36.00 in a research note on Friday, December 2nd. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $35.69.

Invitation Homes Price Performance

Invitation Homes stock opened at $30.49 on Wednesday. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 49.18, a PEG ratio of 2.70 and a beta of 0.89. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.53. Invitation Homes has a 12 month low of $28.52 and a 12 month high of $44.36. The stock’s 50 day moving average is $31.81 and its 200-day moving average is $32.42.

Invitation Homes (NYSE:INVH – Get Rating) last announced its earnings results on Wednesday, February 15th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.25). The firm had revenue of $579.84 million for the quarter, compared to the consensus estimate of $566.68 million. Invitation Homes had a return on equity of 3.89% and a net margin of 17.10%. Equities research analysts expect that Invitation Homes will post 1.75 EPS for the current year.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 14th were paid a $0.26 dividend. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, February 13th. This represents a $1.04 annualized dividend and a dividend yield of 3.41%. Invitation Homes’s dividend payout ratio (DPR) is presently 167.74%.

Hedge Funds Weigh In On Invitation Homes

Hedge funds and other institutional investors have recently modified their holdings of the business. Coppell Advisory Solutions Corp. acquired a new stake in shares of Invitation Homes during the 4th quarter valued at $27,000. MADDEN SECURITIES Corp acquired a new stake in shares of Invitation Homes during the 4th quarter valued at $30,000. OLD Mission Capital LLC acquired a new stake in shares of Invitation Homes during the 4th quarter valued at $30,000. Quent Capital LLC boosted its holdings in shares of Invitation Homes by 115.4% during the 3rd quarter. Quent Capital LLC now owns 911 shares of the company’s stock valued at $31,000 after acquiring an additional 488 shares in the last quarter. Finally, Clear Street Markets LLC boosted its holdings in shares of Invitation Homes by 117.4% during the 4th quarter. Clear Street Markets LLC now owns 1,089 shares of the company’s stock valued at $32,000 after acquiring an additional 588 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

About Invitation Homes

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Invitation Homes, Inc engages in the acquisition, renovation, leasing, and operation of single-family homes as rental properties, including single-family homes in planned unit developments. Its services include property management, selection of homes, maintenance program, and online payment. The company was founded by Marcus Ridgway, Dallas Tanner, and Brad Greiwe in 2012 and is headquartered in Dallas, TX.