B. Riley Reiterates $26.00 Price Target for Invitation Home Inc. (INVH)

B. Riley set a $26.00 price objective on Invitation Home Inc. (NYSE:INVH) in a research note published on Wednesday morning. The firm currently has a buy rating on the stock. B. Riley also issued estimates for Invitation Home’s Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.17 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.30 EPS and FY2019 earnings at $1.28 EPS.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Invitation Home from a buy rating to a hold rating in a research note on Monday, September 4th. Keefe, Bruyette & Woods upgraded Invitation Home from a market perform rating to an outperform rating and decreased their price objective for the company from $23.00 to $22.00 in a research note on Monday, August 14th. FBR & Co reiterated a buy rating on shares of Invitation Home in a research note on Thursday, September 21st. Finally, BTIG Research started coverage on Invitation Home in a research note on Monday, October 9th. They issued a buy rating and a $26.00 price objective for the company. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Invitation Home currently has a consensus rating of Buy and an average target price of $24.60.

Shares of Invitation Home (NYSE INVH) traded down $0.38 on Wednesday, hitting $22.82. The stock had a trading volume of 5,540,000 shares, compared to its average volume of 3,330,000. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 1.43. Invitation Home has a fifty-two week low of $19.80 and a fifty-two week high of $23.93.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.40%. The ex-dividend date was Monday, October 23rd. Invitation Home’s payout ratio is -118.52%.

A number of hedge funds have recently bought and sold shares of INVH. Parametric Portfolio Associates LLC purchased a new stake in Invitation Home during the first quarter worth approximately $530,000. Alliancebernstein L.P. purchased a new stake in Invitation Home during the first quarter worth approximately $393,000. Teachers Advisors LLC purchased a new stake in Invitation Home during the first quarter worth approximately $11,487,000. TIAA CREF Investment Management LLC purchased a new stake in Invitation Home during the first quarter worth approximately $3,562,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Invitation Home during the first quarter worth approximately $111,000.

About Invitation Home

Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.

Analyst Recommendations for Invitation Home (NYSE:INVH)

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