Invitation Homes Inc. [INVH] gain 21.82% so far this year. What now?

Invitation Homes Inc. [NYSE: INVH] loss -0.03% or -0.01 points to close at $36.18 with a heavy trading volume of 3432632 shares. The company report on May 26, 2021 that Invitation Homes Announces $300 Million of Privately Placed Senior Unsecured Notes.

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Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced that the Company has issued $300 million of privately placed senior unsecured notes (the “Senior Notes”) at a weighted average coupon of 2.82%. To capitalize on a favorable market opportunity earlier this year, Invitation Homes priced and agreed to terms on the Senior Notes prior to obtaining a credit rating, with the closing of the transaction contingent upon achievement of an investment grade rating. After receiving a ‘BBB’ rating from Fitch Ratings, the transaction closed as planned on May 25, 2021.

The Senior Notes are comprised of two tranches: a $150 million 7-year tranche with a coupon of 2.46% maturing in 2028, and a $150 million 15-year tranche with a coupon of 3.18% maturing in 2036. Proceeds will be used for general corporate purposes including voluntary prepayment of the highest-cost classes of various securitizations due to reach final maturity between December 2024 and January 2026.

It opened the trading session at $36.40, the shares rose to $36.45 and dropped to $36.165, the range by which the price of stock traded the whole day. The daily chart for INVH points out that the company has recorded 28.53% gains over the past six months. However, it is still -41.83% lower than its most recent low trading price.

If we look at the average trading volume of 3.83M shares, INVH reached to a volume of 3432632 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Invitation Homes Inc. [INVH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INVH shares is $37.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INVH stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for Invitation Homes Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 31, 2021. The new note on the price target was released on February 16, 2021, representing the official price target for Invitation Homes Inc. stock.

The Average True Range (ATR) for Invitation Homes Inc. is set at 0.58, with the Price to Sales ratio for INVH stock in the period of the last 12 months amounting to 11.19. The Price to Book ratio for the last quarter was 2.39, with the Price to Cash per share for the same quarter was set at 0.33. Price to Free Cash Flow for INVH in the course of the last twelve months was 84.41.

Trading performance analysis for INVH stock

Invitation Homes Inc. [INVH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.49. With this latest performance, INVH shares gained by 6.69% in over the last four-week period, additionally plugging by 28.53% over the last 6 months – not to mention a rise of 37.72% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INVH stock in for the last two-week period is set at 69.06, with the RSI for the last a single of trading hit 70.87, and the three-weeks RSI is set at 67.91 for Invitation Homes Inc. [INVH]. The present Moving Average for the last 50 days of trading for this stock 33.59, while it was recorded at 35.87 for the last single week of trading, and 30.17 for the last 200 days.

Invitation Homes Inc. [INVH]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Invitation Homes Inc. [INVH] shares currently have an operating margin of +22.60 and a Gross Margin at +24.55. Invitation Homes Inc.’s Net Margin is presently recorded at +11.43.

Return on Total Capital for INVH is now 2.32, given the latest momentum, and Return on Invested Capital for the company is 1.36. Return on Equity for this stock inclined to 2.34, with Return on Assets sitting at 1.12. When it comes to the capital structure of this company, Invitation Homes Inc. [INVH] has a Total Debt to Total Equity ratio set at 94.74. Additionally, INVH Total Debt to Total Capital is recorded at 48.65, with Total Debt to Total Assets ending up at 46.03. Long-Term Debt to Equity for the company is recorded at 92.66, with the Long-Term Debt to Total Capital now at 47.58.

Reflecting on the efficiency of the workforce at the company, Invitation Homes Inc. [INVH] managed to generate an average of $170,378 per employee. Receivables Turnover for the company is 56.59 with a Total Asset Turnover recorded at a value of 0.10.

Invitation Homes Inc. [INVH]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Invitation Homes Inc. posted 0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 33.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for INVH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Invitation Homes Inc. go to 10.79%.

An analysis of insider ownership at Invitation Homes Inc. [INVH]

There are presently around $20,939 million, in the hands of institutional investors. The top three institutional holders of INVH stocks are: VANGUARD GROUP INC with ownership of 80,188,009, which is approximately 1.197% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 46,467,974 shares of the stock with an approximate value of $1.68 billion in INVH stocks shares; and COHEN & STEERS, INC., currently with $1.03 billion in INVH stock with ownership of nearly -21.252% of the company’s market capitalization.

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Positions in Invitation Homes Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 197 institutional holders increased their position in Invitation Homes Inc. [NYSE:INVH] by around 40,366,603 shares. Additionally, 190 investors decreased positions by around 40,469,145 shares, while 49 investors held positions by with 497,903,383 shares. The mentioned changes placed institutional holdings at 578,739,131 shares, according to the latest SEC report filing. INVH stock had 47 new institutional investments in for a total of 6,244,297 shares, while 40 institutional investors sold positions of 3,008,391 shares during the same period.

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