Invitation Homes Inc (NYSE:INVH) shares traded -4.19% lower at $29.05 on Wall Street last session.
In accordance with the data, 22 analysts cover Invitation Homes Inc (NYSE:INVH). 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 $30.32, this indicates a potential upside of 22.03 percent. INVH stock price is now -11.86% away from the 50-day moving average and -12.02% away from the 200-day moving average. The market capitalization of the company currently stands at $17.78B.
It has been rated a hold by 10 analysts and a buy by 9. Brokers who have rated the stock have averaged $36.59 as their price target over the next twelve months.
With the price target reduced from $38 to $37, Evercore ISI Upgraded its rating from In-line to Outperform for Invitation Homes Inc (NYSE: INVH).
Insiders disposed of 153,335 shares of company stock worth roughly $4.45 million over the past 1 year. A total of 0.36% 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 ALLSTATE INVESTMENT MANAGEMENT CO during the first quarter worth $15,831,000. TUDOR INVESTMENT CORP ET AL invested $7,925,000 in shares of INVH during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Invitation Homes Inc valued at approximately $6,294,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in INVH for approximately $6,240,000. UNISUPER MANAGEMENT PTY LTD purchased a new stake in INVH valued at around $5,156,000 in the second quarter. In total, there are 745 active investors with 105.68% ownership of the company’s stock.
During the past 12 months, Invitation Homes Inc has had a low of $28.52 and a high of $36.53. According to the stock market information, the enterprise value for the company is $25.91B, which is based on a 53.28 price-to-earnings ratio, a 4.09 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for INVH is $32.86 and a two-hundred day moving average price translates $33.02 for the stock.
The latest earnings results from Invitation Homes Inc (NYSE: INVH) was released for Sep, 2023. According to the REIT – Residential Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.17 by 0.05. This compares to $0.18 EPS in the same period last year. The net profit margin was 15.94% and return on equity was 4.71% for INVH. The company reported revenue of $600.37 million for the quarter, compared to $557.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.73 percent. For the current quarter, analysts expect INVH to generate $611.77M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/22/2023. Investors who held shares on 11/07/2023 were paid a $0.26 dividend. On an annualized basis, this represents a $1.04 dividend and a 3.58% percent yield. There was an ex-dividend date of 11/06/2023 for this dividend. In terms of dividend payout ratio, INVH is presently at 184.18%.
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.
