Invitation Homes Inc. [INVH] stock Downgrade by Evercore ISI analyst, price target now $32

Invitation Homes Inc. [NYSE: INVH] surged by $0.22 during the normal trading session on Thursday and reaching a high of $30.68 during the day while it closed the day at $30.58. The company report on March 2, 2023 that Invitation Homes to Participate in Citi’s 2023 Global Property CEO Conference.

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Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) today announced that the Company’s Chief Executive Officer Dallas Tanner will participate in a roundtable discussion at Citi’s 2023 Global Property CEO Conference on Monday, March 6, at 10:35 a.m. Eastern Time. A live audio webcast of the presentation will be available on the Investor Relations section of the Company’s website at A replay of the webcast will be available through April 6, 2023.

Invitation Homes Inc. stock has also loss -5.00% of its value over the past 7 days. However, INVH stock has declined by -4.20% in the 3 months of the year. Over the past six months meanwhile, it has lost -15.10% and gained 3.17% year-on date.

The market cap for INVH stock reached $19.08 billion, with 611.45 million shares outstanding and 610.08 million shares in the current float. Compared to the average trading volume of 3.36M shares, INVH reached a trading volume of 2906679 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 $34.83 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 2.40. 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.

Evercore ISI have made an estimate for Invitation Homes Inc. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on February 16, 2023. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Perform. The new note on the price target was released on January 17, 2023, representing the official price target for Invitation Homes Inc. stock. Previously, the target price had yet another raise to $31, while Credit Suisse analysts kept a Neutral rating on INVH stock. On January 04, 2023, analysts decreased their price target for INVH shares from 44 to 34.

The Average True Range (ATR) for Invitation Homes Inc. is set at 0.76, with the Price to Sales ratio for INVH stock in the period of the last 12 months amounting to 8.52. The Price to Book ratio for the last quarter was 1.82, with the Price to Cash per share for the same quarter was set at 0.42. Price to Free Cash Flow for INVH in the course of the last twelve months was 68.99.

INVH stock trade performance evaluation

Invitation Homes Inc. [INVH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.00. With this latest performance, INVH shares dropped by -5.91% in over the last four-week period, additionally sinking by -15.10% over the last 6 months – not to mention a drop of -18.34% 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 35.21, with the RSI for the last a single of trading hit 26.46, and the three-weeks RSI is set at 40.71 for Invitation Homes Inc. [INVH]. The present Moving Average for the last 50 days of trading for this stock 31.35, while it was recorded at 31.02 for the last single week of trading, and 34.14 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 +25.77 and a Gross Margin at +30.89. Invitation Homes Inc.’s Net Margin is presently recorded at +16.13.

Return on Equity for this stock inclined to 3.50, with Return on Assets sitting at 1.90.

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 16.62%.

Invitation Homes Inc. [INVH]: Insider Ownership positions

There are presently around $19,543 million, in the hands of institutional investors. The top three institutional holders of INVH stocks are: VANGUARD GROUP INC with ownership of 98,242,458, which is approximately 0.029% of the company’s market cap and around 0.22% of the total institutional ownership; COHEN & STEERS, INC., holding 77,392,949 shares of the stock with an approximate value of $2.37 billion in INVH stocks shares; and BLACKROCK INC., currently with $1.81 billion in INVH stock with ownership of nearly 1.023% of the company’s market capitalization.

Positions in Invitation Homes Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 245 institutional holders increased their position in Invitation Homes Inc. [NYSE:INVH] by around 30,313,237 shares. Additionally, 238 investors decreased positions by around 28,598,699 shares, while 53 investors held positions by with 580,160,229 shares. The mentioned changes placed institutional holdings at 639,072,165 shares, according to the latest SEC report filing. INVH stock had 59 new institutional investments in for a total of 2,583,560 shares, while 69 institutional investors sold positions of 6,564,509 shares during the same period.


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