Invitation Homes Inc [NYSE: INVH] traded at a high on Wednesday, posting a 0.06 gain after which it closed the day’ session at $33.23.
The results of the trading session contributed to over 5983739 shares changing hands. Over the past one week, the price volatility of Invitation Homes Inc stands at 2.08% while the volatility over the past one month is 1.85%.
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The market cap for INVH stock reached $20.36 billion, with 611.96 million shares outstanding and 610.25 million shares in the current float. Compared to the average trading volume of 3.52M shares, INVH reached a trading volume of 5983739 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $38.79 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 2.13. 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.
BofA Securities have made an estimate for Invitation Homes Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 24, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $37 to $36. The new note on the price target was released on September 09, 2024, representing the official price target for Invitation Homes Inc stock. Previously, the target price had yet another raise to $46, while Goldman analysts kept a Buy rating on INVH stock. On August 26, 2024, analysts increased their price target for INVH shares from 37 to 38.
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 7.79. The Price to Book ratio for the last quarter was 2.03, with the Price to Cash per share for the same quarter was set at 1.57. Price to Free Cash Flow for INVH in the course of the last twelve months was 22.51.
How has INVH stock performed recently?
Invitation Homes Inc [INVH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.26. With this latest performance, INVH shares dropped by -4.21% in over the last four-week period, additionally sinking by -2.49% over the last 6 months – not to mention a rise of 13.53% 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 38.44, with the RSI for the last a single of trading hit 36.35, and the three-weeks RSI is set at 40.08 for Invitation Homes Inc [INVH]. The present Moving Average for the last 50 days of trading for this stock 35.16, while it was recorded at 33.58 for the last single week of trading, and 34.75 for the last 200 days.
Earnings analysis for Invitation Homes Inc [INVH]
With the latest financial reports released by the company, Invitation Homes Inc posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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 4.16%.
Insider trade positions for Invitation Homes Inc [INVH]
There are presently around $101.83%, or 102.17%% of INVH stock, in the hands of institutional investors. The top three institutional holders of INVH stocks are: VANGUARD GROUP INC with ownership of 94.93 million shares, which is approximately 15.5056%. COHEN & STEERS, INC., holding 63.05 million shares of the stock with an approximate value of $$2.26 billion in INVH stocks shares; and COHEN & STEERS, INC., currently with $$2.13 billion in INVH stock with ownership which is approximately 9.7137%.
