The stock of Invitation Homes Inc. (NYSE:INVH) decreased by -$0.23 on Tuesday to finish at $34.23, down -0.67 percent. The last five days have seen an average of 2,338,820 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $4.59. The average number of shares traded over the last 20 days was 2,848,175, while the average volume over the last 50 days totaled 2,865,024.
INVH stock dropped -3.11% since last month. On 08/15/23, the company’s shares reached a one-month low of $34.06. The stock touched a high of $40.20 on 07/24/23, after rallying from a low of $28.52 in 52 weeks. The price of INVH stock has risen by 15.49% or $4.59 this year, reaching a new high 23 times. Still, the stock price is down -14.85% from the 52-week high.
Valuation Metrics
Invitation Homes Inc. (INVH) has a trailing price-to-earnings (P/E) ratio of 47.94. Beta for the stock is 0.91. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.91, the price-to-book (PB) ratio of 2.04, and the price-to-cash flow ratio of 35.73.
Company paid $0.26 per share in dividends, remained unchanged from $0.26 last year. A $0.04 dividend increase was reported on Friday February 3 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.76, and the total debt to equity ratio is 0.76. As far as profitability goes, gross margin for the trailing twelve months is 60.30% percent. Invitation Homes Inc.’s operating margin stood at 27.90% for the same period. Based on annual data, it had gross profit of $623.0 million and revenue of $2.24 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. INVH’s return on assets (ROA) during the last 12 months has been 2.40%. There was a 3.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.30%.
Earnings Surprise
According to Invitation Homes Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $600.37 million, while revenues rose by 7.17% to $589.89 million. It was predicted that Invitation Homes Inc.’s quarterly earnings would be $0.22, but it ended up being $0.17, beating the consensus by 29.40%. EBITDA was $345.69 million for the quarter. At the end of Invitation Homes Inc.’s most recent quarter ended June 29, its total debt was $7.78 billion. Equity owned by shareholders amounts to $611.96 million.
Technical Picture
Here’s a quick look at Invitation Homes Inc.’s (INVH) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 32.82%, suggesting the stock is Neutral, with a 8.71% historical volatility rate.
The stochastic %K and %D were 14.67% and 14.89% respectively, while the average true range (ATR) was 0.58. Based on the 14-day stochastic reading of 9.11%, the RSI (14) reading is 39.84%. On the 9-day MACD Oscillator, the stock is at -0.24, and the 14-day reading is at -0.46.
Analyst Ratings
In its analyst report released on March 29, 2023, Wells Fargo began covering Invitation Homes Inc. (NYSE: INVH). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Invitation Homes Inc. (INVH) an Overweight rating. INVH is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 8 others recommend it as a buy.
What is INVH’s price target for the next 12 months?
The current consensus forecast for the stock is between $35.00 and $41.00, with a median target price of $37.50. In analyzing these forecasts, the average price target given by analysts for Invitation Homes Inc. (INVH) is $37.53.
