Invitation Homes (NYSE:INVH) PT Lowered to $41.00 at Jefferies Financial Group

Invitation Homes (NYSE:INVHGet Rating) had its price target decreased by equities research analysts at Jefferies Financial Group from $44.00 to $41.00 in a research report issued to clients and investors on Thursday, The Fly reports. Jefferies Financial Group’s target price indicates a potential upside of 15.04% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Raymond James reissued a “strong-buy” rating and issued a $44.00 target price (down previously from $48.00) on shares of Invitation Homes in a report on Thursday, June 23rd. Evercore ISI set a $42.00 target price on shares of Invitation Homes in a report on Monday, June 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Invitation Homes from $52.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, March 24th. Mizuho dropped their target price on shares of Invitation Homes from $48.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, March 30th. Finally, Credit Suisse Group dropped their target price on shares of Invitation Homes from $47.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, June 22nd. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.10.

INVH opened at $35.64 on Thursday. Invitation Homes has a twelve month low of $33.15 and a twelve month high of $45.80. The company has a 50-day simple moving average of $37.22 and a 200 day simple moving average of $40.00. 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 $21.75 billion, a price-to-earnings ratio of 71.28, a P/E/G ratio of 3.19 and a beta of 0.89.

Invitation Homes (NYSE:INVHGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23). Invitation Homes had a return on equity of 3.29% and a net margin of 14.43%. The firm had revenue of $532.31 million for the quarter, compared to the consensus estimate of $528.97 million. During the same period in the prior year, the company earned $0.36 EPS. Sell-side analysts anticipate that Invitation Homes will post 1.65 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Invitation Homes by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock worth $3,481,574,000 after buying an additional 2,784,696 shares during the last quarter. Cohen & Steers Inc. increased its stake in shares of Invitation Homes by 66.8% during the first quarter. Cohen & Steers Inc. now owns 74,757,155 shares of the company’s stock valued at $3,004,285,000 after buying an additional 29,927,640 shares during the period. BlackRock Inc. increased its stake in shares of Invitation Homes by 16.3% during the fourth quarter. BlackRock Inc. now owns 50,992,689 shares of the company’s stock valued at $2,312,008,000 after buying an additional 7,152,163 shares during the period. Norges Bank purchased a new stake in Invitation Homes in the fourth quarter worth $1,359,468,000. Finally, State Street Corp grew its stake in Invitation Homes by 12.8% in the first quarter. State Street Corp now owns 29,070,728 shares of the company’s stock worth $1,168,062,000 after purchasing an additional 3,310,121 shares during the period.

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.

Read More

The Fly logo

Analyst Recommendations for Invitation Homes (NYSE:INVH)

Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.