Brokerages Set Invitation Homes Inc (INVH) Target Price at $24.83

Invitation Homes Inc (NYSE:INVH) has earned an average recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $24.83.

A number of analysts have weighed in on the stock. TheStreet upgraded shares of Invitation Homes from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Zacks Investment Research upgraded shares of Invitation Homes from a “sell” rating to a “hold” rating in a research report on Friday, January 25th.

In related news, major shareholder Real Estate Partner Blackstone sold 40,000,000 shares of Invitation Homes stock in a transaction on Monday, March 25th. The shares were sold at an average price of $23.22, for a total transaction of $928,800,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barry S. Sternlicht sold 3,000,000 shares of Invitation Homes stock in a transaction on Monday, March 25th. The stock was sold at an average price of $23.22, for a total transaction of $69,660,000.00. Following the transaction, the director now directly owns 5,482 shares of the company’s stock, valued at approximately $127,292.04. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pearl River Capital LLC bought a new position in Invitation Homes during the fourth quarter worth $53,000. Bank of Montreal Can increased its stake in Invitation Homes by 27.4% in the fourth quarter. Bank of Montreal Can now owns 5,802 shares of the company’s stock valued at $116,000 after purchasing an additional 1,247 shares in the last quarter. Virtu Financial LLC bought a new stake in Invitation Homes in the third quarter valued at $201,000. NumerixS Investment Technologies Inc increased its stake in Invitation Homes by 25.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 9,000 shares of the company’s stock valued at $180,000 after purchasing an additional 1,800 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Invitation Homes in the third quarter valued at $303,000.

Invitation Homes stock traded up $0.23 during mid-day trading on Thursday, reaching $24.39. The company had a trading volume of 2,010,034 shares, compared to its average volume of 3,222,406. Invitation Homes has a fifty-two week low of $19.21 and a fifty-two week high of $24.98. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $12.71 billion, a P/E ratio of 106.04, a P/E/G ratio of 3.34 and a beta of 0.55.

Invitation Homes (NYSE:INVH) last issued its earnings results on Thursday, February 14th. The company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Invitation Homes had a negative net margin of 0.30% and a positive return on equity of 0.64%. The firm had revenue of $433.00 million for the quarter, compared to analyst estimates of $440.07 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 31.2% on a year-over-year basis. On average, analysts expect that Invitation Homes will post 1.24 earnings per share for the current year.

About Invitation Homes

Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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