Scotiabank Lowers Invitation Home (NYSE:INVH) Price Target to $28.00

Invitation Home (NYSE:INVH) had its target price dropped by equities research analysts at Scotiabank from $31.00 to $28.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 3.51% from the company’s current price.

Several other brokerages have also commented on INVH. Morgan Stanley cut their price objective on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Oppenheimer set a $38.00 price target on shares of Invitation Home and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Bank of America decreased their price target on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Keefe, Bruyette & Woods lowered their price objective on shares of Invitation Home from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Invitation Home in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.84.

Invitation Home Trading Up 1.1%

Shares of INVH stock opened at $27.05 on Wednesday. The company has a market capitalization of $16.58 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 2.53 and a beta of 0.83. Invitation Home has a 52-week low of $25.29 and a 52-week high of $35.80. The business’s fifty day moving average is $27.45 and its 200 day moving average is $29.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, equities research analysts anticipate that Invitation Home will post 1.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Invitation Home

A number of large investors have recently added to or reduced their stakes in INVH. AQR Capital Management LLC boosted its position in Invitation Home by 67.4% during the first quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock valued at $2,589,000 after buying an additional 29,962 shares during the period. Empowered Funds LLC boosted its holdings in Invitation Home by 10.7% during the 1st quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock valued at $464,000 after acquiring an additional 1,290 shares during the period. Focus Partners Wealth grew its position in Invitation Home by 3.4% during the 1st quarter. Focus Partners Wealth now owns 53,806 shares of the company’s stock worth $1,875,000 after acquiring an additional 1,782 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Invitation Home by 66.2% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,335 shares of the company’s stock worth $142,000 after acquiring an additional 1,727 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Invitation Home by 49.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,272 shares of the company’s stock worth $42,000 after purchasing an additional 421 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Home Company Profile

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.