As of Friday close, Invitation Homes Inc.’s (NYSE:INVH) stock was down -$0.61, moving down -1.96 percent to $30.49. The average number of shares traded per day over the past five days has been 4,508,260 shares. 2 times new highs have been achieved over the past 5 days, with a $0.23 gain in that time frame. In the last twenty days, the average volume was 3,500,605, while in the previous 50 days, it was 3,340,508.
Since last month, INVH stock retreated -7.35%. Shares of the company fell to $30.00 on 03/10/23, the lowest level in the past month. A 52-week high of $44.36 was reached on 02/02/23 after having rallying from a 52-week low of $28.52. Since the beginning of this year, INVH’s stock price has risen by 2.87% or $0.85, and marked a new high 12 times. However, the stock has declined by -31.27% since its 52-week high.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
Valuation Metrics
Right now, Invitation Homes Inc. (INVH) has a P/E ratio of about 48.71. The stock’s beta is 0.91. Besides these, the trailing price-to-sales (P/S) ratio of 8.61, the price-to-book (PB) ratio of 1.81, and the price-to-cash flow ratio of 69.67 may also be considered.
The latest dividend of $0.26 per share was paid out, which is 18.18% more than last year’s $0.22. On Friday February 3 2023, a $0.04 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.76, and the total debt-to-equity ratio was 0.76. On the profitability front, the trailing twelve-month gross margin is 60.90% percent. In the year ended September 29, operating margins totaled 27.80%. Based on annual data, INVH earned $623.0 million in gross profit and brought in $2.24 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.40%. Return on equity (ROE) for the past 12 months was 3.70%.
In Invitation Homes Inc.’s quarter-end financial report for September 29, it reported total debt of $1.65 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. INVH’s revenue rose 10.28% to $568.68 million during the quarter, while net income inched up to $579.84 million. While analysts expected Invitation Homes Inc. to report $0.15 quarterly earnings, the actual figure was $0.13 per share, beating the consensus estimate by -13.30%. During the quarter, the company generated $323.48 million in EBITDA. The value of shareholders’ equity is $611.41 million.
Technical Picture
This quick technical analysis looks at Invitation Homes Inc.’s (INVH) price momentum. With a historical volatility rate of 30.07%, the RSI 9-day stood at 39.06% on 17 March.
With respect to its five-day moving average, the current Invitation Homes Inc. price is up by +0.76% percent or $0.23. At present, INVH shares trade -6.44% below its 20-day simple moving average and -7.89% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.59% above its SMA50 and -19.17% below its SMA200.
Stochastic coefficient K was 45.35% and Stochastic coefficient D was 51.96%, while ATR was 0.87. Given the Stochastic reading of 22.27% for the 14-day period, the RSI (14) reading has been calculated as 41.54%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at -0.10.
Analyst Ratings
Invitation Homes Inc. downgraded its rating on Invitation Homes Inc. (NYSE: INVH) to an In-line in a note to investors on February 16, 2023. The analysts firm previously had an Outperform rating on the stock.Invitation Homes Inc. (INVH) has been rated Overweight by analysts. According to 0 brokerage firms, INVH is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Invitation Homes Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $35.00, the current consensus forecast for the stock is $29.00 – $40.00. Based on these forecasts, analysts predict Invitation Homes Inc. (INVH) will achieve an average price target of $34.76.