Evercore ISI Analysts Give Invitation Homes (NYSE:INVH) a $42.00 Price Target

Evercore ISI set a $42.00 price target on Invitation Homes (NYSE:INVHGet Rating) in a research note released on Monday, Stock Target Advisor reports.

A number of other equities analysts have also recently issued reports on INVH. Morgan Stanley decreased their target price on Invitation Homes from $44.50 to $42.50 and set an overweight rating on the stock in a report on Friday, May 27th. Jefferies Financial Group started coverage on Invitation Homes in a research report on Wednesday, April 20th. They issued a buy rating and a $48.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Invitation Homes from $52.00 to $51.00 and set a buy rating for the company in a research report on Thursday, March 24th. Credit Suisse Group raised their target price on Invitation Homes from $45.00 to $47.00 and gave the stock an outperform rating in a research report on Monday, April 25th. Finally, BMO Capital Markets started coverage on Invitation Homes in a research report on Thursday, April 14th. They issued a market perform rating and a $45.00 target price for the company. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $46.17.

Shares of NYSE INVH opened at $35.08 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $21.41 billion, a price-to-earnings ratio of 70.16, a PEG ratio of 3.04 and a beta of 0.89. The stock’s fifty day simple moving average is $37.79 and its 200 day simple moving average is $40.20. Invitation Homes has a 52-week low of $33.15 and a 52-week high of $45.80.

Invitation Homes (NYSE:INVHGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.25). Invitation Homes had a return on equity of 3.29% and a net margin of 14.43%. During the same period last year, the firm earned $0.36 earnings per share. As a group, analysts anticipate that Invitation Homes will post 1.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Tuesday, May 10th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, May 9th. This represents a $0.88 dividend on an annualized basis and a yield of 2.51%. Invitation Homes’s payout ratio is 176.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. boosted its position in Invitation Homes by 56.7% during the first quarter. J.W. Cole Advisors Inc. now owns 21,009 shares of the company’s stock valued at $844,000 after purchasing an additional 7,600 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Invitation Homes by 51.8% in the first quarter. Bank of America Corp DE now owns 3,153,074 shares of the company’s stock worth $126,691,000 after buying an additional 1,076,237 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Invitation Homes by 29.3% in the first quarter. Verition Fund Management LLC now owns 24,828 shares of the company’s stock worth $998,000 after buying an additional 5,625 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Invitation Homes by 20.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,126 shares of the company’s stock worth $4,259,000 after buying an additional 17,890 shares during the last quarter. Finally, Phocas Financial Corp. lifted its position in shares of Invitation Homes by 3.7% in the first quarter. Phocas Financial Corp. now owns 57,806 shares of the company’s stock worth $2,323,000 after buying an additional 2,050 shares during the last quarter.

Invitation Homes Company Profile (Get Rating)

Invitation Homes 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.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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