Shares of Invitation Homes Inc (NYSE:INVH) have been given a consensus rating of “Buy” by the seventeen research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.77.

A number of research firms have weighed in on INVH. Evercore ISI set a $26.00 price target on Invitation Homes and gave the stock an “outperform” rating in a report on Monday, November 27th. B. Riley set a $26.00 price target on Invitation Homes and gave the stock a “buy” rating in a report on Wednesday, November 15th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.00 price target on shares of Invitation Homes in a report on Friday, August 18th. Zacks Investment Research cut Invitation Homes from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Finally, Deutsche Bank restated a “buy” rating and issued a $26.00 price target on shares of Invitation Homes in a report on Wednesday, November 29th.

In other news, Director John Bartling sold 188,850 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $23.11, for a total transaction of $4,364,323.50. Following the completion of the transaction, the director now directly owns 482,665 shares in the company, valued at approximately $11,154,388.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Several institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. boosted its stake in shares of Invitation Homes by 3.3% during the 2nd quarter. Citigroup Inc. now owns 47,555 shares of the company’s stock valued at $1,030,000 after buying an additional 1,540 shares during the last quarter. GAM Holding AG boosted its stake in shares of Invitation Homes by 28.1% during the 2nd quarter. GAM Holding AG now owns 7,300 shares of the company’s stock valued at $158,000 after buying an additional 1,600 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Invitation Homes by 8.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 28,114 shares of the company’s stock valued at $608,000 after buying an additional 2,171 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in shares of Invitation Homes by 20.5% during the 3rd quarter. AMP Capital Investors Ltd now owns 14,700 shares of the company’s stock valued at $333,000 after buying an additional 2,500 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Invitation Homes by 15.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 23,071 shares of the company’s stock valued at $523,000 after buying an additional 3,165 shares during the last quarter.

Invitation Homes (NYSE:INVH) opened at $23.51 on Monday. Invitation Homes has a fifty-two week low of $19.80 and a fifty-two week high of $23.93. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.59.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Monday, October 23rd.

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About Invitation Homes

Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.

Analyst Recommendations for Invitation Homes (NYSE:INVH)

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