Invitation Homes (NYSE:INVH) Trading Down 3.3%

Shares of Invitation Homes Inc. (NYSE:INVH) traded down 3.3% during trading on Friday . The stock traded as low as $35.88 and last traded at $36.04. 629,532 shares traded hands during trading, a decline of 80% from the average session volume of 3,169,244 shares. The stock had previously closed at $37.28.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $37.00 to $38.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. raised their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Royal Bank of Canada reduced their target price on Invitation Homes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Keefe, Bruyette & Woods lowered their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, July 30th. Finally, Mizuho cut their price objective on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Invitation Homes Price Performance

The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $21.90 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 4.60 and a beta of 0.99. The stock’s 50-day simple moving average is $35.75 and its two-hundred day simple moving average is $35.03.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The company had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. Equities research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.13%. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Institutional Trading of Invitation Homes

Several large investors have recently made changes to their positions in INVH. Oregon Public Employees Retirement Fund boosted its stake in Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock worth $1,775,000 after purchasing an additional 310 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of Invitation Homes by 2.3% in the first quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock worth $495,000 after buying an additional 315 shares in the last quarter. Appleton Partners Inc. MA boosted its position in Invitation Homes by 0.9% during the second quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock worth $1,431,000 after acquiring an additional 365 shares during the last quarter. Wellington Management Group LLP raised its holdings in Invitation Homes by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock valued at $1,444,000 after acquiring an additional 386 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Invitation Homes by 6.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock valued at $237,000 after acquiring an additional 409 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other 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.