TheStreet upgraded shares of Invitation Homes (NYSE:INVH) from a d+ rating to a c- rating in a research report sent to investors on Wednesday.

INVH has been the topic of a number of other research reports. Zacks Investment Research raised Invitation Homes from a sell rating to a hold rating in a research report on Thursday, January 17th. Mizuho lowered Invitation Homes from a buy rating to a neutral rating and dropped their target price for the company from $25.00 to $23.00 in a research report on Wednesday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Invitation Homes currently has a consensus rating of Buy and an average price target of $25.10.

Shares of Invitation Homes stock opened at $23.85 on Wednesday. Invitation Homes has a 52-week low of $19.21 and a 52-week high of $24.00. The company has a market capitalization of $12.26 billion, a P/E ratio of 103.70, a PEG ratio of 3.30 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.12.

Invitation Homes (NYSE:INVH) last announced its earnings results on Thursday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.30. Invitation Homes had a positive return on equity of 0.64% and a negative net margin of 0.30%. The business had revenue of $433.00 million for the quarter, compared to analyst estimates of $440.07 million. During the same quarter last year, the firm earned $0.29 EPS. Invitation Homes’s revenue for the quarter was up 31.2% compared to the same quarter last year. Research analysts forecast that Invitation Homes will post 1.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Wednesday, February 13th were given a dividend of $0.13 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.18%. Invitation Homes’s payout ratio is 226.09%.

Several large investors have recently bought and sold shares of INVH. Pearl River Capital LLC acquired a new position in shares of Invitation Homes during the 4th quarter worth approximately $53,000. Bank of Montreal Can increased its position in shares of Invitation Homes by 338.8% during the 3rd quarter. Bank of Montreal Can now owns 4,555 shares of the company’s stock worth $104,000 after purchasing an additional 3,517 shares during the last quarter. Capital Guardian Trust Co. acquired a new position in shares of Invitation Homes during the 3rd quarter worth approximately $109,000. NumerixS Investment Technologies Inc increased its position in shares of Invitation Homes by 25.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 9,000 shares of the company’s stock worth $180,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Invitation Homes during the 3rd quarter worth approximately $201,000.

About Invitation Homes

Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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Analyst Recommendations for Invitation Homes (NYSE:INVH)

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