Invitation Home Inc. (INVH) Given Buy Rating at B. Riley
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Invitation Home from a buy rating to a hold rating in a research note on Monday, September 4th. Keefe, Bruyette & Woods upgraded Invitation Home from a market perform rating to an outperform rating and decreased their price target for the company from $23.00 to $22.00 in a research note on Monday, August 14th. Finally, FBR & Co reiterated a buy rating on shares of Invitation Home in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $24.50.
Shares of Invitation Home (NYSE INVH) traded up $0.43 during midday trading on Thursday, reaching $23.73. The company’s stock had a trading volume of 2,650,000 shares, compared to its average volume of 1,940,000. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.57. Invitation Home has a 52-week low of $19.80 and a 52-week high of $23.89.
Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $242.22 million during the quarter, compared to analyst estimates of $240.58 million. The firm’s revenue was up 5.1% on a year-over-year basis. equities research analysts forecast that Invitation Home will post 1.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were given a dividend of $0.08 per share. The ex-dividend date was Monday, October 23rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.35%. Invitation Home’s dividend payout ratio is currently -118.52%.
A number of hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its position in Invitation Home by 15.7% during the 3rd quarter. Wells Fargo & Company MN now owns 4,222,836 shares of the company’s stock worth $95,647,000 after acquiring an additional 574,588 shares during the last quarter. Presima Inc. grew its position in Invitation Home by 862.4% during the 3rd quarter. Presima Inc. now owns 1,796,800 shares of the company’s stock worth $40,698,000 after acquiring an additional 1,610,100 shares during the last quarter. Citadel Advisors LLC grew its position in Invitation Home by 157.9% during the 3rd quarter. Citadel Advisors LLC now owns 3,138,062 shares of the company’s stock worth $71,077,000 after acquiring an additional 1,921,278 shares during the last quarter. Schroder Investment Management Group bought a new stake in Invitation Home during the 3rd quarter worth $219,000. Finally, Capital Growth Management LP bought a new stake in Invitation Home during the 3rd quarter worth $45,300,000.
About Invitation Home
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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