Invitation Homes (NYSE:INVH) Price Target Raised to $40.00 at JPMorgan Chase & Co.

Invitation Homes (NYSE:INVH) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $36.00 to $40.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 8.23% from the stock’s previous close.

INVH has been the topic of several other reports. Barclays reduced their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. UBS Group boosted their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Mizuho reduced their target price on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. The Goldman Sachs Group initiated coverage on Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target for the company. Finally, Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.05.

Invitation Homes Stock Down 0.2 %

Invitation Homes stock traded down $0.06 during midday trading on Monday, reaching $36.96. The stock had a trading volume of 469,804 shares, compared to its average volume of 3,187,493. The firm’s fifty day simple moving average is $35.78 and its 200-day simple moving average is $35.18. Invitation Homes has a 1-year low of $28.49 and a 1-year high of $37.80. The stock has a market capitalization of $22.64 billion, a P/E ratio of 42.48, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The firm had revenue of $653.45 million during the quarter, compared to analyst estimates of $654.70 million. As a group, analysts expect that Invitation Homes will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in INVH. Envestnet Portfolio Solutions Inc. lifted its stake in Invitation Homes by 6.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 26,751 shares of the company’s stock valued at $912,000 after buying an additional 1,613 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Invitation Homes by 153.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 119,461 shares of the company’s stock valued at $4,075,000 after purchasing an additional 72,243 shares during the period. Kentucky Retirement Systems boosted its position in shares of Invitation Homes by 2.4% during the 4th quarter. Kentucky Retirement Systems now owns 46,025 shares of the company’s stock worth $1,570,000 after purchasing an additional 1,086 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its position in Invitation Homes by 2.1% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 20,493 shares of the company’s stock valued at $699,000 after buying an additional 429 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Invitation Homes during the 4th quarter worth approximately $191,000. 96.79% of the stock is 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.