Invitation Homes Inc [NYSE: INVH] stock went on a downward path that fall over -0.89% on Thursday, amounting to a one-week price increase of more than 1.58%. The company report on February 26, 2024 at 4:30 PM that Invitation Homes to Participate in Citi’s 2024 Global Property CEO Conference.
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 2024 Global Property CEO Conference on Monday, March 4, at 8:50 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 www.invh.com. A replay of the webcast will be available through April 4, 2024.
Over the last 12 months, INVH stock rose by 11.32%. The one-year Invitation Homes Inc stock forecast points to a potential upside of 8.15. The average equity rating for INVH stock is currently 1.83, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $21.18 billion, with 611.96 million shares outstanding and 609.33 million shares in the current float. Compared to the average trading volume of 3.28M shares, INVH stock reached a trading volume of 3415868 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $37.68 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 1.83. 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.
Deutsche Bank have made an estimate for Invitation Homes Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 30, 2024. While these analysts kept the previous recommendation, Exane BNP Paribas raised their target price to Outperform. The new note on the price target was released on January 22, 2024, representing the official price target for Invitation Homes Inc stock. Previously, the target price had yet another raise from $33 to $41, while Jefferies kept a Buy rating on INVH stock.
The Average True Range (ATR) for Invitation Homes Inc is set at 0.65, with the Price to Sales ratio for INVH stock in the period of the last 12 months amounting to 8.50. The Price to Book ratio for the last quarter was 2.09, with the Price to Cash per share for the same quarter was set at 1.47. Price to Free Cash Flow for INVH in the course of the last twelve months was 24.37.
INVH Stock Performance Analysis:
Invitation Homes Inc [INVH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.58. With this latest performance, INVH shares gained by 5.78% in over the last four-week period, additionally plugging by 1.91% over the last 6 months – not to mention a rise of 11.32% 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 60.60, with the RSI for the last a single of trading hit 62.51, and the three-weeks RSI is set at 58.23 for Invitation Homes Inc [INVH]. The present Moving Average for the last 50 days of trading for this stock 33.57, while it was recorded at 34.87 for the last single week of trading, and 33.53 for the last 200 days.
INVH Stock EPS
With the latest financial reports released by the company, Invitation Homes Inc posted 0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.00%. 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 12.09%.
Invitation Homes Inc [INVH] Institutonal Ownership Details
The top three institutional holders of INVH stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in INVH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in INVH stock with ownership which is approximately 5.8325%.
