Shares of Invitation Homes Inc (NYSE:INVH) gapped down before the market opened on Friday . The stock had previously closed at $24.87, but opened at $23.81. Invitation Homes shares last traded at $23.33, with a volume of 4823801 shares.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Invitation Homes from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday, April 24th. Zelman & Associates cut Invitation Homes from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. TheStreet cut Invitation Homes from a “c-” rating to a “d+” rating in a report on Wednesday, June 13th. Finally, Morgan Stanley decreased their price target on Invitation Homes from $27.00 to $24.50 and set an “overweight” rating for the company in a report on Thursday, June 14th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $25.65.

The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.14. The company has a market cap of $12.39 billion, a P/E ratio of 89.73, a P/E/G ratio of 3.43 and a beta of -0.50.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $432.00 million for the quarter, compared to analyst estimates of $431.24 million. Invitation Homes had a negative return on equity of 1.03% and a negative net margin of 6.99%. The business’s revenue was up 78.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. analysts expect that Invitation Homes Inc will post 1.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Thursday, August 16th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, August 15th. Invitation Homes’s dividend payout ratio is currently 169.23%.

Several hedge funds have recently bought and sold shares of INVH. BlackRock Inc. grew its stake in shares of Invitation Homes by 2.8% in the second quarter. BlackRock Inc. now owns 23,321,211 shares of the company’s stock worth $537,788,000 after purchasing an additional 629,425 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Invitation Homes by 5.2% in the first quarter. Principal Financial Group Inc. now owns 22,203,550 shares of the company’s stock worth $506,907,000 after purchasing an additional 1,099,007 shares in the last quarter. Cbre Clarion Securities LLC grew its stake in shares of Invitation Homes by 5.8% in the second quarter. Cbre Clarion Securities LLC now owns 12,378,674 shares of the company’s stock worth $285,452,000 after purchasing an additional 682,379 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Invitation Homes by 0.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,501,045 shares of the company’s stock valued at $172,975,000 after buying an additional 49,321 shares in the last quarter. Finally, Centersquare Investment Management LLC bought a new position in Invitation Homes during the first quarter valued at about $138,985,000.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, 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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