In yesterday’s Wall Street session, Invitation Homes Inc. (NYSE:INVH) shares traded at $36.14, up 1.32% from the previous session.
20 analysts cover Invitation Homes Inc. (NYSE:INVH), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $33.00, we find $37.00. Given the previous closing price of $35.67, this indicates a potential upside of 3.73 percent. INVH stock price is now 5.62% away from the 50-day moving average and 11.76% away from the 200-day moving average. The market capitalization of the company currently stands at $21.83B.
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The stock has received a hold rating from 10 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $36.97 as their price target over the next twelve months.
With the price target of $33.50, Wells Fargo recently initiated with Overweight rating for Invitation Homes Inc. (NYSE: INVH).
Insiders disposed of 153,335 shares of company stock worth roughly $5.54 million over the past 1 year. A total of 0.31% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in INVH stock. A new stake in Invitation Homes Inc. shares was purchased by WATERFRONT CAPITAL PARTNERS, LLC during the first quarter worth $65,577,000. NFJ INVESTMENT GROUP, LLC invested $38,270,000 in shares of INVH during the first quarter. In the first quarter, OFI INVEST ASSET MANAGEMENT acquired a new stake in Invitation Homes Inc. valued at approximately $34,681,000. ALLSTATE INVESTMENT MANAGEMENT CO acquired a new stake in INVH for approximately $19,695,000. CARLYLE GROUP INC. purchased a new stake in INVH valued at around $17,257,000 in the second quarter. In total, there are 746 active investors with 105.27% ownership of the company’s stock.
On Friday morning Invitation Homes Inc. (NYSE: INVH) stock kicked off with the opening price of $35.72. During the past 12 months, Invitation Homes Inc. has had a low of $28.52 and a high of $40.20. According to the stock market information, the enterprise value for the company is $29.56B, which is based on a 53.94 price-to-earnings ratio, a 4.14 price-to-earnings-growth ratio, and a beta of 0.90. The fifty day moving average price for INVH is $34.26 and a two-hundred day moving average price translates $32.34 for the stock.
The latest earnings results from Invitation Homes Inc. (NYSE: INVH) was released for Mar, 2023. According to the REIT – Residential Company, earnings per share came in at $0.2, beating analysts’ expectations of $0.16 by 0.04. This compares to $0.15 EPS in the same period last year. The net profit margin was 17.90% and return on equity was 4.00% for INVH. The company reported revenue of $589.89 million for the quarter, compared to $532.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.82 percent. For the current quarter, analysts expect INVH to generate $597.45M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/25/2023. Investors who held shares on 08/08/2023 were paid a $0.26 dividend. On an annualized basis, this represents a $1.04 dividend and a 2.88% percent yield. There was an ex-dividend date of 08/07/2023 for this dividend. In terms of dividend payout ratio, INVH is presently at 98.30%.
Invitation Homes Inc.(INVH) Company Profile
Invitation Homes, an S&P 500 company, is the nation’s premier single-family home leasing 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.
