Zacks Investment Research lowered shares of Invitation Home Inc. (NYSE:INVH) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Invitation Homes Inc. provides real estate services. It focuses on owning, renovating, leasing and operating single-family residential properties primarily in the United States. Invitation Homes Inc. is headquartered in Dallas, Texas. “

A number of other research analysts also recently issued reports on the company. Keefe, Bruyette & Woods restated a buy rating and set a $25.00 price target on shares of Invitation Home in a research note on Friday, August 18th. Zelman & Associates upgraded Invitation Home from a hold rating to a buy rating in a research note on Friday, June 23rd. Evercore ISI assumed coverage on Invitation Home in a research note on Monday, June 5th. They set an outperform rating and a $24.00 price target on the stock. Royal Bank Of Canada restated an outperform rating and set a $24.00 price target (up previously from $23.00) on shares of Invitation Home in a research note on Tuesday, May 16th. Finally, FBR & Co restated a buy rating on shares of Invitation Home in a research note on Saturday, May 13th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $24.38.

Shares of Invitation Home (NYSE INVH) opened at 23.26 on Tuesday. Invitation Home has a 12 month low of $19.80 and a 12 month high of $23.56. The stock’s market cap is $7.24 billion. The company has a 50-day moving average price of $22.13 and a 200-day moving average price of $21.68.

Invitation Home (NYSE:INVH) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $242.22 million for the quarter, compared to analysts’ expectations of $240.58 million. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Invitation Home will post ($0.14) EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were paid a $0.08 dividend. This is an increase from Invitation Home’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, August 11th.

Several hedge funds and other institutional investors have recently made changes to their positions in INVH. Sei Investments Co. bought a new position in shares of Invitation Home during the first quarter valued at $3,351,000. UBS Asset Management Americas Inc. bought a new position in shares of Invitation Home during the first quarter valued at $5,265,000. Cambiar Investors LLC bought a new position in shares of Invitation Home during the first quarter valued at $42,328,000. BNP Paribas Arbitrage SA bought a new position in shares of Invitation Home during the first quarter valued at $566,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Invitation Home during the first quarter valued at $54,770,000.

Invitation Home Company Profile

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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Analyst Recommendations for Invitation Home (NYSE:INVH)

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