Citigroup Lowers Invitation Home (NYSE:INVH) Price Target to $31.00

Invitation Home (NYSE:INVH) had its target price reduced by research analysts at Citigroup from $36.50 to $31.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 17.92% from the company’s previous close.

Several other equities research analysts have also recently commented on INVH. Mizuho reissued a “neutral” rating and set a $27.00 target price (down from $30.00) on shares of Invitation Home in a report on Thursday, January 8th. Evercore set a $31.00 price objective on Invitation Home in a research note on Friday, February 20th. Citizens Jmp cut their price objective on Invitation Home from $40.00 to $35.00 and set a “market outperform” rating for the company in a report on Friday, February 20th. KeyCorp lowered their target price on Invitation Home from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Finally, Morgan Stanley dropped their price target on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Invitation Home currently has an average rating of “Moderate Buy” and an average price target of $33.35.

Invitation Home Stock Performance

INVH stock opened at $26.29 on Wednesday. The company has a market capitalization of $16.02 billion, a P/E ratio of 27.39, a PEG ratio of 2.77 and a beta of 0.83. The company has a 50-day simple moving average of $26.86 and a 200 day simple moving average of $28.15. Invitation Home has a fifty-two week low of $25.21 and a fifty-two week high of $35.80. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.44.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, February 18th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.21). The company had revenue of $685.25 million for the quarter, compared to analyst estimates of $683.00 million. Invitation Home had a net margin of 21.53% and a return on equity of 6.24%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Sell-side analysts predict that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in INVH. Vanguard Group Inc. lifted its position in shares of Invitation Home by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 95,026,266 shares of the company’s stock valued at $3,116,862,000 after acquiring an additional 719,365 shares in the last quarter. Norges Bank acquired a new stake in Invitation Home during the 4th quarter valued at $1,438,952,000. State Street Corp raised its stake in Invitation Home by 1.3% during the 3rd quarter. State Street Corp now owns 36,621,403 shares of the company’s stock valued at $1,084,514,000 after purchasing an additional 462,379 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Invitation Home by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock valued at $468,997,000 after purchasing an additional 203,474 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Invitation Home by 8.8% in the third quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after buying an additional 1,168,113 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.