Invitation Homes (NYSE:INVH) Price Target Raised to $38.00 at Evercore ISI

Invitation Homes (NYSE:INVH) had its target price raised by equities research analysts at Evercore ISI from $37.00 to $38.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price target points to a potential upside of 3.63% from the stock’s current price.

INVH has been the topic of a number of other reports. Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. UBS Group upped their target price on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. The Goldman Sachs Group started coverage on Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Mizuho reduced their target price on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, June 3rd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Moderate Buy” and an average price target of $39.10.

Invitation Homes Stock Down 0.9 %

Shares of INVH stock traded down $0.35 during trading on Monday, reaching $36.67. The company’s stock had a trading volume of 645,191 shares, compared to its average volume of 3,190,251. The business has a fifty day moving average price of $35.78 and a 200-day moving average price of $35.18. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes has a one year low of $28.49 and a one year high of $37.80. The company has a market cap of $22.46 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01.

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

Hedge Funds Weigh In On Invitation Homes

A number of hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its holdings in shares of Invitation Homes by 27.2% during the first quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock valued at $558,611,000 after purchasing an additional 3,351,424 shares during the period. Goldman Sachs Group Inc. lifted its position in Invitation Homes by 66.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after acquiring an additional 2,169,522 shares in the last quarter. First Financial Bankshares Inc bought a new stake in Invitation Homes during the 4th quarter worth approximately $45,104,000. Cohen & Steers Inc. boosted its position in shares of Invitation Homes by 1.3% during the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock valued at $2,746,208,000 after buying an additional 1,008,392 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Invitation Homes by 109.3% during the first quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock worth $40,644,000 after buying an additional 595,988 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

About Invitation Homes

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.