Invitation Homes Inc (INVH) Given Consensus Rating of “Buy” by Brokerages
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.
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.
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