Invitation Homes Inc. (NYSE:INVH) finished Thursday with a subtraction of -$0.09 to close at $34.52, a downside of -0.26 percent. An average of 2,429,300 shares of common stock have been traded in the last five days. There was a fall of -$0.64 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 2,815,340 shares traded, while the 50-day average volume stands at 2,940,752.
INVH stock has decreased by -2.21% in the last month. The company shares reached their 1-month lowest point of $34.31 on 07/27/23. With the stock rallying to its 52-week high on 07/24/23, shares of the company touched a low of $28.52 and a high of $40.20 in 52 weeks. It has reached a new high 23 times so far this year and achieved 16.46% or $4.88 in price. In spite of this, the price is down -14.13% from the 52-week high.
Valuation Metrics
Invitation Homes Inc. (INVH) has a trailing price-to-earnings (P/E) ratio of 48.35. The stock’s beta is 0.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.14, the price-to-book (PB) ratio at 2.06.
The company has a payout ratio of 97.90%. The company’s most recent quarterly dividend payment was $0.26 a share, without any change from last year. Its latest increase dividend $0.04 reported on Friday February 3 2023.
Financial Health
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 $623.0 million compared to revenue of $2.24 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 2.40%.
Earnings Surprise
For the three-month period that ended June 29, Invitation Homes Inc. had $1.64 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 $137.7 million in the quarter, while revenues were grew 19.52%. The analyst consensus anticipated Invitation Homes Inc.’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $0.22, a 29.40% surprise. For the quarter, EBITDA amounted to $345.69 million. At the end of the quarter ending June 29, Invitation Homes Inc.’s stock balance sheet showed total debt was $7.78 billion. Shareholders own equity worth $611.96 million.
Technical Picture
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 10 August was 36.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 8.17%.
As of today, INVH’s price is $34.75 -1.82% or -$0.64 from its 5-day moving average. INVH is currently trading -2.76% lower than its 20-day SMA and +13.22% higher than its 100-day SMA. However, the stock’s current price level is +2.77% above the SMA50 and +4.29% above the SMA200.
The stochastic %K and %D were 17.23% and 22.07%, respectively, and the average true range (ATR) was 0.64. With the 14-day stochastic at 9.44% and the average true range at 0.64, the RSI (14) stands at 42.91%. The stock has reached -0.33 on the 9-day MACD Oscillator while the 14-day reading was at -0.51.
Analyst Ratings
Wells Fargo launched coverage on Invitation Homes Inc. (NYSE: INVH) in its analyst report released on March 29, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Invitation Homes Inc. (INVH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell INVH, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 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 $35.00 and $41.00, with a median target of $37.00. Taking a look at these predictions, the average price target given by analysts for Invitation Homes Inc. (INVH) stock is $37.34.
