Invitation Homes Inc [INVH] stock is trading at $34.40, down -0.98%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The INVH shares have lost -1.43% over the last week, with a monthly amount drifted -1.35%, and not seem to be holding up well over a long-time horizon.
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On 15, March 2024, Invitation Homes Announces Cash Dividend. In a post published today on Yahoo Finance, Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced today that it has declared a quarterly cash dividend of $0.28 per share payable on shares of its common stock. The dividend will be paid on or before April 19, 2024, to stockholders of record of the Company’s common stock as of the close of business on March 28, 2024.
From an analyst’s perspective:
Invitation Homes Inc [NYSE: INVH] stock has seen the most recent analyst activity on March 22, 2024, when Citigroup downgraded its rating to a Neutral but kept the price target unchanged to $39 for it. Previously, Evercore ISI downgraded its rating to In-line on March 18, 2024, and kept the price target unchanged to $36. On January 30, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $35 on the stock. Exane BNP Paribas started tracking the stock assigning a Outperform rating and suggested a price target of $39 on January 22, 2024. Jefferies upgraded its rating to a Buy and raised its price target to $41 on January 02, 2024. Oppenheimer upgraded its rating to Outperform for this stock on October 30, 2023, but kept the price target unchanged to $35. In a note dated October 02, 2023, Evercore ISI upgraded an Outperform rating on this stock and revised its target price from $38 to $37.
Invitation Homes Inc [INVH] stock has fluctuated between $28.49 and $36.53 over the past year. Currently, Wall Street analysts expect the stock to reach $40.7 within the next 12 months. Invitation Homes Inc [NYSE: INVH] shares were valued at $34.40 at the most recent close of the market. An investor can expect a potential return of 18.31% based on the average INVH price forecast.
Analyzing the INVH fundamentals
Invitation Homes Inc [NYSE:INVH] reported sales of 2.49B for the trailing twelve months, which represents a growth of 6.80%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.9.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.11 points at the first support level, and at 33.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.91, and for the 2nd resistance point, it is at 35.42.
Invitation Homes Inc [INVH] reported earnings per share of $0.21 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.04 and a surprise factor of 23.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.21 per share as compared to estimates of $0.17 per share, a difference of $0.04 representing a surprise of 23.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.45, the price to book ratio is 2.07 and price to earnings (TTM) ratio is 62.92.
Transactions by insiders
Recent insider trading involved Olsen Jonathan S., EVP&CFO, that happened on Mar 15 ’24 when 10000.0 shares were sold.
