Invitation Homes (NYSE:INVH) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Invitation Homes (NYSE:INVH) from a buy rating to a hold rating in a research report sent to investors on Thursday, Marketbeat Ratings reports. They currently have $33.00 price objective on the stock, down from their previous price objective of $39.00.

A number of other research analysts have also commented on the company. Mizuho decreased their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada decreased their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. increased their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Barclays started coverage on shares of Invitation Homes in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Moderate Buy” and an average target price of $38.37.

Invitation Homes Trading Up 1.6 %

Shares of NYSE:INVH opened at $31.93 on Thursday. Invitation Homes has a 12-month low of $31.01 and a 12-month high of $37.80. The business has a 50 day moving average of $33.08 and a 200-day moving average of $34.60. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $19.56 billion, a PE ratio of 44.97, a P/E/G ratio of 5.03 and a beta of 1.04.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.63%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 163.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INVH. Paladin Wealth LLC acquired a new position in Invitation Homes in the 3rd quarter valued at approximately $40,000. Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes during the 2nd quarter worth $44,000. Headlands Technologies LLC bought a new position in Invitation Homes during the 2nd quarter worth $45,000. Assetmark Inc. lifted its holdings in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after buying an additional 1,232 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Invitation Homes in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.