Invitation Homes (NYSE:INVH) Now Covered by Barclays

Barclays began coverage on shares of Invitation Homes (NYSE:INVH) in a report published on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $38.00 price target on the stock.

Several other research analysts have also weighed in on the stock. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Mizuho cut their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. upped their price objective on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $37.00 to $38.00 in a report on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Invitation Homes has a consensus rating of “Moderate Buy” and a consensus price target of $38.70.

Invitation Homes Stock Performance

Invitation Homes stock opened at $31.72 on Tuesday. The stock has a fifty day moving average price of $33.50 and a 200 day moving average price of $34.83. Invitation Homes has a 52 week low of $31.01 and a 52 week high of $37.80. The firm has a market capitalization of $19.43 billion, a P/E ratio of 44.68, a PEG ratio of 5.06 and a beta of 1.03. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.66%. Invitation Homes’s dividend payout ratio (DPR) is currently 163.38%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. UMB Bank n.a. increased its holdings in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Invitation Homes in the third quarter worth $40,000. Family Firm Inc. acquired a new stake in Invitation Homes in the second quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes during the 2nd quarter valued at $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes during the 2nd quarter worth $45,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Company Profile

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.