Invitation Home (NYSE:INVH) Given New $31.00 Price Target at Scotiabank

Invitation Home (NYSE:INVH) had its target price cut by equities researchers at Scotiabank from $36.00 to $31.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 11.57% from the company’s current price.

INVH has been the topic of several other reports. Barclays lowered their target price on Invitation Home from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Home in a research note on Wednesday, October 8th. Mizuho reduced their target price on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. JPMorgan Chase & Co. upgraded shares of Invitation Home from a “neutral” rating to an “overweight” rating and set a $38.00 price target on the stock in a research note on Friday, October 17th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.16.

Invitation Home Stock Performance

INVH traded down $0.23 on Monday, reaching $27.79. The company had a trading volume of 919,116 shares, compared to its average volume of 3,628,724. The stock has a 50-day moving average price of $29.03 and a 200-day moving average price of $31.35. The stock has a market capitalization of $17.03 billion, a PE ratio of 29.24, a P/E/G ratio of 2.80 and a beta of 0.81. Invitation Home has a 1 year low of $27.38 and a 1 year high of $35.80. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $688.17 million during the quarter, compared to the consensus estimate of $679.41 million. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, research analysts forecast that Invitation Home will post 1.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Invitation Home

A number of institutional investors have recently made changes to their positions in INVH. Horizon Investments LLC lifted its holdings in Invitation Home by 5.0% in the 1st quarter. Horizon Investments LLC now owns 8,182 shares of the company’s stock valued at $285,000 after purchasing an additional 386 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Invitation Home by 2.5% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,099 shares of the company’s stock worth $561,000 after acquiring an additional 399 shares during the period. New England Research & Management Inc. grew its stake in Invitation Home by 0.9% during the 2nd quarter. New England Research & Management Inc. now owns 46,214 shares of the company’s stock valued at $1,516,000 after purchasing an additional 400 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Invitation Home by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 155,000 shares of the company’s stock worth $5,084,000 after purchasing an additional 400 shares during the last quarter. Finally, Carnegie Lake Advisors LLC lifted its position in shares of Invitation Home by 1.2% in the 3rd quarter. Carnegie Lake Advisors LLC now owns 33,776 shares of the company’s stock worth $991,000 after buying an additional 400 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

About Invitation Home

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.