Invitation Homes Inc. [NYSE: INVH] surged by $0.1 during the normal trading session on Thursday and reaching a high of $41.09 during the day while it closed the day at $40.64. The company report on July 29, 2021 that Invitation Homes Reports Second Quarter 2021 Results.
Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation’s premier single-family home leasing company, announced its Q2 2021 financial and operating results.
Second Quarter 2021 Highlights.
Invitation Homes Inc. stock has also gained 1.98% of its value over the past 7 days. However, INVH stock has inclined by 17.05% in the 3 months of the year. Over the past six months meanwhile, it has gained 40.09% and gained 36.84% year-on date.
The market cap for INVH stock reached $22.69 billion, with 567.38 million shares outstanding and 566.27 million shares in the current float. Compared to the average trading volume of 3.94M shares, INVH reached a trading volume of 3270122 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $40.81 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.
Wolfe Research have made an estimate for Invitation Homes Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 15, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on March 31, 2021, representing the official price target for Invitation Homes Inc. stock.
The Average True Range (ATR) for Invitation Homes Inc. is set at 0.66, with the Price to Sales ratio for INVH stock in the period of the last 12 months amounting to 12.28. The Price to Book ratio for the last quarter was 2.69, with the Price to Cash per share for the same quarter was set at 0.34. Price to Free Cash Flow for INVH in the course of the last twelve months was 92.57.
INVH stock trade performance evaluation
Invitation Homes Inc. [INVH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.98. With this latest performance, INVH shares gained by 8.32% in over the last four-week period, additionally plugging by 40.09% over the last 6 months – not to mention a rise of 38.47% 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 65.24, with the RSI for the last a single of trading hit 64.99, and the three-weeks RSI is set at 65.36 for Invitation Homes Inc. [INVH]. The present Moving Average for the last 50 days of trading for this stock 38.04, while it was recorded at 40.53 for the last single week of trading, and 32.28 for the last 200 days.
Invitation Homes Inc. [INVH]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for Invitation Homes Inc. [INVH] stock
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%.
Invitation Homes Inc. [INVH]: Insider Ownership positions
There are presently around $23,482 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 $1.89 billion in INVH stocks shares; and COHEN & STEERS, INC., currently with $1.15 billion in INVH stock with ownership of nearly -21.252% of the company’s market capitalization.
Positions in Invitation Homes Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 197 institutional holders increased their position in Invitation Homes Inc. [NYSE:INVH] by around 41,295,143 shares. Additionally, 184 investors decreased positions by around 40,242,364 shares, while 49 investors held positions by with 496,258,256 shares. The mentioned changes placed institutional holdings at 577,795,763 shares, according to the latest SEC report filing. INVH stock had 55 new institutional investments in for a total of 6,295,994 shares, while 29 institutional investors sold positions of 2,399,797 shares during the same period.