Invitation Homes (NYSE:INVH) Hits New 12-Month Low – Should You Sell?

Invitation Homes Inc. (NYSE:INVH)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $30.78 and last traded at $30.97, with a volume of 2183145 shares traded. The stock had previously closed at $31.19.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Evercore ISI lifted their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Barclays began coverage on shares of Invitation Homes in a report on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 price target on the stock. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and cut their target price for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Finally, Scotiabank reduced their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.29.

Invitation Homes Stock Performance

The company’s fifty day simple moving average is $33.03 and its two-hundred day simple moving average is $34.55. The company has a market capitalization of $18.97 billion, a price-to-earnings ratio of 43.62, a price-to-earnings-growth ratio of 5.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.75%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

Institutional Investors Weigh In On Invitation Homes

A number of institutional investors have recently made changes to their positions in the company. Paladin Wealth LLC bought a new position in shares of Invitation Homes during the third quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC acquired a new stake in Invitation Homes in the second quarter worth $44,000. Headlands Technologies LLC acquired a new stake in Invitation Homes in the second quarter worth $45,000. Assetmark Inc. lifted its stake in Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after buying an additional 1,232 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Invitation Homes during the third quarter valued at $49,000. 96.79% of the stock is currently owned by institutional investors.

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.