Invitation Homes (NYSE:INVH) Raised to “Outperform” at Evercore ISI

Invitation Homes (NYSE:INVH) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a note issued to investors on Friday, StockNewsAPI reports. The brokerage currently has a $37.00 target price on the stock. Evercore ISI’s target price indicates a potential upside of 11.41% from the company’s current price.

A number of other brokerages have also recently commented on INVH. Scotiabank boosted their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. boosted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Mizuho dropped their target price on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. Barclays dropped their target price on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $38.00 price target on shares of Invitation Homes in a research note on Monday, June 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.39.

Invitation Homes Stock Down 7.7 %

Shares of NYSE INVH opened at $33.21 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.53. Invitation Homes has a 52 week low of $28.49 and a 52 week high of $36.92. The firm’s fifty day moving average is $35.37 and its 200 day moving average is $34.52. The company has a market cap of $20.34 billion, a price-to-earnings ratio of 38.17, a PEG ratio of 2.21 and a beta of 0.99.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). The company had revenue of $646.04 million during the quarter, compared to the consensus estimate of $630.97 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.67%. On average, equities research analysts expect that Invitation Homes will post 1.83 earnings per share for the current year.

Insider Activity

In related news, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the transaction, the director now directly owns 28,068 shares in the company, valued at approximately $970,591.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at approximately $9,594,065.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cohen Jana Barbe sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $34.58, for a total value of $248,976.00. Following the completion of the transaction, the director now owns 28,068 shares of the company’s stock, valued at $970,591.44. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INVH. Harbour Capital Advisors LLC raised its holdings in Invitation Homes by 2.3% during the 1st quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock valued at $495,000 after buying an additional 315 shares during the period. Appleton Partners Inc. MA increased its stake in shares of Invitation Homes by 0.9% during the second quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock valued at $1,431,000 after buying an additional 365 shares during the period. Wellington Management Group LLP increased its stake in shares of Invitation Homes by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock valued at $1,444,000 after buying an additional 386 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Invitation Homes by 6.6% during the second quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock valued at $237,000 after buying an additional 409 shares during the period. Finally, Checchi Capital Advisers LLC increased its stake in shares of Invitation Homes by 3.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 10,987 shares of the company’s stock valued at $375,000 after buying an additional 417 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Company Profile

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.