Invitation Homes (INVH) Given a $27.00 Price Target at BTIG Research

Invitation Homes (NYSE:INVH) has been given a $27.00 target price by analysts at BTIG Research in a research report issued to clients and investors on Tuesday, TipRanks reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price target would suggest a potential upside of 9.05% from the company’s previous close.

A number of other research firms also recently commented on INVH. Zacks Investment Research upgraded Invitation Homes from a “sell” rating to a “hold” rating in a report on Friday, January 25th. TheStreet upgraded Invitation Homes from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Invitation Homes has a consensus rating of “Buy” and a consensus price target of $25.50.

Shares of INVH stock traded down $0.08 on Tuesday, reaching $24.76. 2,610,642 shares of the stock were exchanged, compared to its average volume of 3,021,950. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 107.65, a PEG ratio of 3.38 and a beta of 0.54. The company has a quick ratio of 0.85, a current ratio of 0.68 and a debt-to-equity ratio of 1.12. Invitation Homes has a 1-year low of $19.21 and a 1-year high of $25.33.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Monday, May 6th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The firm had revenue of $435.50 million for the quarter, compared to analyst estimates of $434.60 million. Invitation Homes had a return on equity of 1.10% and a net margin of 1.89%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. As a group, analysts expect that Invitation Homes will post 1.24 earnings per share for the current fiscal year.

In related news, COO Charles D. Young sold 29,925 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $24.83, for a total value of $743,037.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Real Estate Partner Blackstone sold 40,000,000 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $23.22, for a total value of $928,800,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,029,925 shares of company stock valued at $999,203,038. Insiders own 0.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Capital Group LLC boosted its stake in Invitation Homes by 43.4% in the 1st quarter. Private Capital Group LLC now owns 1,460 shares of the company’s stock worth $36,000 after purchasing an additional 442 shares during the period. Parallel Advisors LLC increased its position in shares of Invitation Homes by 296.4% during the first quarter. Parallel Advisors LLC now owns 1,546 shares of the company’s stock worth $38,000 after purchasing an additional 1,156 shares in the last quarter. Pearl River Capital LLC acquired a new stake in shares of Invitation Homes during the fourth quarter worth about $53,000. Penserra Capital Management LLC acquired a new stake in shares of Invitation Homes during the first quarter worth about $59,000. Finally, Bank of Montreal Can increased its position in shares of Invitation Homes by 27.4% during the fourth quarter. Bank of Montreal Can now owns 5,802 shares of the company’s stock worth $116,000 after purchasing an additional 1,247 shares in the last quarter.

Invitation Homes Company Profile

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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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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