Invitation Home (NYSE:INVH) Price Target Raised to $31.00

Invitation Home (NYSE:INVH) had its price target boosted by Keefe, Bruyette & Woods from $29.00 to $31.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other research firms have also commented on INVH. Oppenheimer lifted their price target on shares of Invitation Home from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday. Evercore reissued an “outperform” rating and set a $32.00 target price on shares of Invitation Home in a research report on Friday, May 1st. Wall Street Zen raised Invitation Home from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Barclays raised their target price on Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, Cfra lowered shares of Invitation Home from a “hold” rating to a “sell” rating and dropped their target price for the stock from $29.00 to $27.00 in a research report on Wednesday, May 27th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Invitation Home presently has an average rating of “Hold” and a consensus price target of $32.68.

Invitation Home Stock Performance

Shares of NYSE INVH opened at $30.38 on Wednesday. The business’s 50-day moving average price is $29.74 and its two-hundred day moving average price is $27.80. Invitation Home has a one year low of $24.25 and a one year high of $31.38. The company has a market capitalization of $17.94 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 3.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02.

Invitation Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. Invitation Home’s dividend payout ratio (DPR) is currently 110.09%.

Institutional Investors Weigh In On Invitation Home

Large investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. increased its position in Invitation Home by 3.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,413,502 shares of the company’s stock worth $67,071,000 after buying an additional 74,029 shares during the last quarter. Oak Thistle LLC lifted its position in shares of Invitation Home by 1,538.3% in the fourth quarter. Oak Thistle LLC now owns 130,210 shares of the company’s stock valued at $3,619,000 after buying an additional 122,262 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Invitation Home in the fourth quarter valued at approximately $1,756,000. Legal & General Group Plc boosted its stake in shares of Invitation Home by 6.6% during the 4th quarter. Legal & General Group Plc now owns 5,735,955 shares of the company’s stock worth $159,402,000 after acquiring an additional 355,825 shares during the period. Finally, Lecap Asset Management Ltd. increased its holdings in shares of Invitation Home by 113.5% during the 4th quarter. Lecap Asset Management Ltd. now owns 88,041 shares of the company’s stock worth $2,447,000 after acquiring an additional 46,812 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Home Company Profile

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.