Major Brokerage Firms Issue Research Notes on Invitation Homes Inc. (INVH)

Invitation Homes Inc. (NYSE:INVH) saw an upside of 1.17% to $39.07 after adding $0.45 on Tuesday. The 5-day average trading volume is 3,533,685 shares of the company’s common stock. It has gained $39.11 in the past week. An average of 4,438,416 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,785,222.

INVH’s 1-month performance is -4.14% or -$1.24 on its low of $37.77 reached on 10/06/21. The company’s shares have touched a 52-week low of $26.87 and high of $42.48, with the stock’s rally to the 52-week high happening on 09/02/21. YTD, INVH has achieved 30.03% or $9.35. However, the current price is down -8.03%% from the 52-week high price.


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Insider Transactions

On Jul 12, 92 days have gone by since the last insider trading activity for Invitation Homes Inc. (INVH). Sears Janice L. (Director) most recently sold 2,850 shares at $40.00 per share on Jul 12. This transaction cost the insider $114,000. EVP&COO, Young Charles D., sold 55,439 shares at a price of $29.24 on Mar 10.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 450.64 and a low of 59.74. INVH stock has a beta of 0.85. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.16 while the price-to-book (PB) in the most recent quarter is 2.56, with the price to cash flow ratio at 92.63.

Invitation Homes Inc. pays an annual dividend of $0.68 per share. Its dividend yield is 1.74% and the payout ratio is 164.00%. INVH’s most recent quarterly dividend payment was made on Aug. 27, when it paid $0.17 a share compared with prior rate of $0.17, down 0.0% from last year’s. The company has boosted its dividend for the last 4 consecutive years with the latest dividend increase of $0.02 reported on Friday January 29 2021. Measured over the last 3 years, the Dividend has been growing by 172.73% yearly.

It is projected that Invitation Homes Inc.’s next ex-dividend date will be on 12-Nov. INVH is expected to distribute $0.17 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.93, while the total debt to equity was 0.93. In terms of profitability, the gross margin trailing 12 months is 60.10%. while for the period ending June 29; Invitation Homes Inc.’s operating margin was 26.30%. The firm’s gross profit as reported stood at $467.14 million against revenue of $1.82 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected INVH to announce $0.08 per share in earnings in its latest quarter, but it posted $0.11, representing a 37.50% surprise. EBITDA for the quarter stood at more than $284.99 million. INVH stock balance sheet for the quarter ending June 29 shows that, with total debt at $8.45 billion. Shareholders hold equity totaling $576.49 million

Technical Picture

Let’s look briefly at Invitation Homes Inc. (INVH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 49.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.55%.

The stock’s 5-day moving average is $38.68, reflecting a +1.64% or $0.63 change from its current price. INVH is currently trading -3.77% above its 20-day SMA, +9.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.84% and +34.15% respectively.

Stochastic %K and %D was 28.11% and 24.96% and the average true range (ATR) pointed at 0.65. The RSI (14) points at 46.01%, while the 14-day stochastic is at 37.48% with the period’s ATR at 0.68. The stock’s 9-day MACD Oscillator is pointing at 0.10 and -0.11 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for INVH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate INVH as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 14 have offered a “buy” rating.

What is INVH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $41.00 and a high of $50.00, with their median price target at $46.00. Looking at these predictions, the average price target given by analysts is for Invitation Homes Inc. (INVH) stock is $45.71.

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