Scotiabank Cuts Invitation Home (NYSE:INVH) Price Target to $27.00

Invitation Home (NYSE:INVH) had its price objective decreased by analysts at Scotiabank from $28.00 to $27.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 1.73% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. KeyCorp reduced their price objective on shares of Invitation Home from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Bank of America reduced their price target on Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Raymond James Financial reaffirmed a “market perform” rating on shares of Invitation Home in a research report on Friday, February 27th. Citigroup dropped their target price on Invitation Home from $36.50 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Finally, Evercore set a $31.00 price target on Invitation Home in a research note on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.29.

Invitation Home Price Performance

Shares of INVH traded up $0.26 during trading hours on Wednesday, reaching $26.54. 3,301,005 shares of the company traded hands, compared to its average volume of 7,174,434. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $16.17 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.83 and a beta of 0.83. Invitation Home has a fifty-two week low of $25.21 and a fifty-two week high of $35.80. The stock has a fifty day simple moving average of $26.81 and a 200 day simple moving average of $28.04.

Invitation Home (NYSE:INVH) last announced its earnings results on Wednesday, February 18th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.21). Invitation Home had a net margin of 21.53% and a return on equity of 6.24%. The firm had revenue of $685.25 million during the quarter, compared to analyst estimates of $683.00 million. During the same period in the previous year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, research analysts predict that Invitation Home will post 1.83 EPS for the current fiscal year.

Institutional Trading of Invitation Home

Institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in Invitation Home by 72.8% during the fourth quarter. Pacer Advisors Inc. now owns 77,720 shares of the company’s stock valued at $2,160,000 after buying an additional 32,740 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Invitation Home by 8.3% during the 4th quarter. Corient Private Wealth LLC now owns 30,087 shares of the company’s stock valued at $818,000 after acquiring an additional 2,298 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Invitation Home during the 4th quarter worth $69,000. Mercer Global Advisors Inc. ADV boosted its position in Invitation Home by 62.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 69,726 shares of the company’s stock worth $1,938,000 after purchasing an additional 26,845 shares during the period. Finally, Delta Global Management LP increased its holdings in Invitation Home by 7.3% in the 4th quarter. Delta Global Management LP now owns 87,464 shares of the company’s stock valued at $2,431,000 after purchasing an additional 5,978 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.