As of Friday close, Invitation Homes Inc.’s (NYSE:INVH) stock was down -$0.33, moving down -1.00 percent to $32.68. The average number of shares traded per day over the past five days has been 2,869,300 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.61 fall in that time frame. In the last twenty days, the average volume was 2,490,070, while in the previous 50 days, it was 2,602,274.
Since last month, INVH stock retreated -3.26%. Shares of the company fell to $32.67 on 09/22/23, the lowest level in the past month. A 52-week high of $36.53 was reached on 07/24/23 after having rallying from a 52-week low of $28.52. Since the beginning of this year, INVH’s stock price has risen by 10.26% or $3.04, and marked a new high 23 times. However, the stock has declined by -10.55% since its 52-week high.
Valuation Metrics
Right now, Invitation Homes Inc. (INVH) has a P/E ratio of about 45.77. The stock’s beta is 0.91. Besides these, the trailing price-to-sales (P/S) ratio of 8.52, the price-to-book (PB) ratio of 1.95, and the price-to-cash flow ratio of 34.15 may also be considered.
The latest dividend of $0.26 per share was paid out, remained unchanged from last year’s $0.26. 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 June 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 60.30% percent. In the year ended June 29, operating margins totaled 27.90%. 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 4.30%.
In Invitation Homes Inc.’s quarter-end financial report for June 29, it reported total debt of $1.64 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 7.17% to $589.89 million during the quarter, while net income inched up to $600.37 million. While analysts expected Invitation Homes Inc. to report $0.17 quarterly earnings, the actual figure was $0.22 per share, beating the consensus estimate by 29.40%. During the quarter, the company generated $345.69 million in EBITDA. The value of shareholders’ equity is $611.96 million.
Technical Picture
This quick technical analysis looks at Invitation Homes Inc.’s (INVH) price momentum. With a historical volatility rate of 23.60%, the RSI 9-day stood at 28.62% on 22 September.
With respect to its five-day moving average, the current Invitation Homes Inc. price is down by -7.40% percent or -$2.61. At present, INVH shares trade -2.74% below its 20-day simple moving average and -2.21% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.94% below its SMA50 and +1.65% above its SMA200.
Stochastic coefficient K was 5.38% and Stochastic coefficient D was 16.81%, while ATR was 0.60. Given the Stochastic reading of 0.38% for the 14-day period, the RSI (14) reading has been calculated as 34.29%. As of today, the MACD Oscillator reading stands at -0.94, while the 14-day reading stands at -0.89.
Analyst Ratings
Invitation Homes Inc. downgraded its rating on Invitation Homes Inc. (NYSE: INVH) to a Neutral in a note to investors on August 17, 2023. The analysts firm previously had a Buy rating on the stock.Invitation Homes Inc. (INVH) has been rated Overweight by analysts. According to 0 brokerage firms, INVH is a sell, and 11 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 $38.00, the current consensus forecast for the stock is $34.00 – $41.00. Based on these forecasts, analysts predict Invitation Homes Inc. (INVH) will achieve an average price target of $37.56.
