Invitation Homes Inc. (NYSE:INVH) finished Thursday with an addition of $0.13 to close at $35.00, an upside of 0.37 percent. An average of 24,770,459 shares of common stock have been traded in the last five days. There was a fall of -$2.20 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 10,579,470 shares traded, while the 50-day average volume stands at 5,614,704.
INVH stock has decreased by -6.64% in the last month. The company shares reached their 1-month lowest point of $34.20 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $33.15 and a high of $45.80 in 52 weeks. It has reached a new high 2 times so far this year and lost -22.81% or -$10.34 in price. In spite of this, the price is down -23.58% from the 52-week high.
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282 days have passed since Invitation Homes Inc. (INVH) last reported insider trading activity. Tanner Dallas B, who is President & CEO, most recently acquired $23,120 shares at $42.43 per share on Dec 15.
Invitation Homes Inc. (INVH) has a trailing price-to-earnings (P/E) ratio of 60.66. The stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.17, the price-to-book (PB) ratio at 2.09, and the price-to-cash flow ratio at 63.82.
The company has a payout ratio of 134.90%. The company’s most recent quarterly dividend payment was $0.22 a share, without any change from last year. Its latest increase dividend $0.05 reported on Friday February 4 2022.
Further, the company has a long term debt to equity ratio of 0.76 and a total debt to equity ratio of 0.76 for the quarter ending June 29. Its gross profit as reported stood at $542.23 million compared to revenue of $2.0 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Invitation Homes Inc.’s return on assets was 1.90%.
For the three-month period that ended June 29, Invitation Homes Inc. had $2.21 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $110.82 million in the quarter, while revenues of $92.4 million were grew 45.64%. The analyst consensus anticipated Invitation Homes Inc.’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.18, a 20.00% surprise. For the quarter, EBITDA amounted to $330.06 million. At the end of the quarter ending June 29, Invitation Homes Inc.’s stock balance sheet showed total debt was $7.77 billion. Shareholders own equity worth $610.36 million.
From a technical analysis perspective, let’s take a brief look at Invitation Homes Inc. (INVH) price momentum. RSI 9-day as of the close on 22 September was 27.92%, suggesting the stock is oversold, with historical volatility in this time frame at 20.77%.
As of today, INVH’s price is $35.83 -5.91% or -$2.20 from its 5-day moving average. INVH is currently trading -7.11% lower than its 20-day SMA and -12.10% lower than its 100-day SMA. However, the stock’s current price level is -0.88% below the SMA50 and -17.26% below the SMA200.
The stochastic %K and %D were 14.06% and 17.15%, respectively, and the average true range (ATR) was 1.03. With the 14-day stochastic at 13.33% and the average true range at 0.99, the RSI (14) stands at 34.07%. The stock has reached -1.88 on the 9-day MACD Oscillator while the 14-day reading was at -2.35.
The consensus rating for Invitation Homes Inc. (INVH) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell INVH, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 15 others rate it as a “buy”.
What is INVH’s price target for the next 12 months?
Analysts predict a range of price targets between $39.00 and $52.00, with a median target of $43.00. Taking a look at these predictions, the average price target given by analysts for Invitation Homes Inc. (INVH) stock is $44.05.