Invitation Homes Inc. (NYSE:INVH) saw an upside of 1.43% to close Tuesday at $31.91 after adding $0.45 on the day. The 5-day average trading volume is 2,590,060 shares of the company’s common stock. It has gained $31.97 in the past week and touched a new high 2 times within the past 5 days. An average of 3,126,220 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,548,520.
INVH’s 1-month performance is 7.19% or $2.01 on its low of $28.52 reached on 01/05/23. The company’s shares have touched a 52-week low of $28.52 and high of $44.36, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, INVH has achieved 7.66% or $2.27 and has reached a new high 7 times. However, the current price is down -28.07% from the 52-week high price.
INVH stock has a beta of 0.88. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.79 while the price-to-book (PB) in the most recent quarter is 1.89, with the price to cash flow ratio at 58.78.
As well, the company’s long term debt to equity for the quarter ending September 29 was 0.75, while the total debt to equity was 0.75.. In terms of profitability, the gross margin trailing 12 months is 61.40%. The firm’s gross profit as reported stood at $542.23 million against revenue of $2.0 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 12.55% to $79.03 million, while revenue of $110.82 million was -40.23% off the previous quarter. Analysts expected INVH to announce $0.15 per share in earnings in its latest quarter, but it posted $0.13, representing a -13.30% surprise. EBITDA for the quarter stood at more than $308.12 million. Shareholders hold equity totaling $611.41 million.
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 24 January was 64.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.94%.
The stock’s 5-day moving average is $31.36, reflecting a +0.89% or $0.28 change from its current price. INVH is currently trading +7.73% above its 20-day SMA, -11.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.04% and SMA200 by-21.94%.
Stochastic %K and %D was 91.31% and 83.66% and the average true range (ATR) pointed at 0.78. The RSI (14) points at 59.26%, while the 14-day stochastic is at 98.40% with the period’s ATR at 0.81. The stock’s 9-day MACD Oscillator is pointing at 0.28 and 0.93 on the 14-day charts.
In the most recent analyst report for Invitation Homes Inc. (NYSE: INVH), Scotiabank launched coverage with a Sector perform rating. 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 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 9 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 $30.00 and a high of $52.00, with their median price target at $35.00. Looking at these predictions, the average price target given by analysts is for Invitation Homes Inc. (INVH) stock is $35.64.