In today’s recent session, 1,726,613 shares of the Invitation Homes Inc.(NYSE:INVH) have been traded, and its beta is 0.82. Most recently the company’s share price was $32.58, and it changed around -$0.27 or -0.01% from the last close, which brings the market valuation of the company to $18.43 Billion. INVH at last check was trading at a discount to its 52-week high of $33.15, offering almost -1.75% off that amount. The share price’s 52-week low was $21.05, which indicates that the recent value has risen by an impressive 35.39% since then. We note from Invitation Homes Inc.’s average daily trading volume that its 10-day average is 3.77 Million shares, with the 3-month average coming to 3.53 Million.
Invitation Homes Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.9. If we narrow it down even further, the data shows that none out of 19 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 4 recommended INVH as a Hold, whereas 15 deemed it a Buy, and no one rated it as Underweight. Invitation Homes Inc. is expected to report earnings per share of $0.07 for the current quarter.
Invitation Homes Inc. (NYSE:INVH): Trading Information Today
Although INVH has been showing red trend so far today with a performance of -0.81% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $33.15 on Wednesday, Apr 07 increased the stock’s daily price by 1.7%. The company’s shares are currently up 0.1% year-to-date, but still up 0.0104 over the last five days. On the other hand, Invitation Homes Inc. (NYSE:INVH) is 0.15% up in the 30-day period. We can see from the shorts that 14.21 Million shares have been sold at a short interest cover period of 4.03 day(s).
The consensus price target as assigned by Wall Street analysts is $34.69, which translates to bears needing to increase their stock price by 6.48% from its current value. Analyst projections state that INVH is forecast to be at a low of $31 and a high of $39. In order for the stock price to hit the forecast high, the stock would need to surge +19.71% from its current level, while the stock would need to crash -4.85% from its current level to reach the projected low.
Invitation Homes Inc. (INVH) projections and forecasts
Invitation Homes Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +12.08 percent over the past six months and at a 7.03% annual growth rate that is well above the industry average of -2.1%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -22.2% in revenue this quarter, and will report a decline of -12.5% in the next quarter. The year-over-year growth rate is expected to be 5.6%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $470.1 Million in revenue for the current quarter. 15 analysts expect Invitation Homes Inc. to make $479.53 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $449.79 Million and $445.63 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.5%. Forecasts for the next quarter put sales growth at 7.6%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 21.7%. Invitation Homes Inc. earnings are expected to increase by 29.4% in 2021, but the outlook is positive 10.79% per year for the next five years.
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INVH Dividend Yield
Invitation Homes Inc.’s next quarterly earnings report is expected to be released around April 28, 2021. The annual dividend yield of the stock is 2.07 percent and its annual dividend per share was $0.68. It is important to note, however, that the 2.07% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Invitation Homes Inc. (NYSE:INVH)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.26% of Invitation Homes Inc. shares, and 103.49% of them are in the hands of institutional investors. The stock currently has a share float of 103.76%. Invitation Homes Inc. stock is held by 612 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 13.97% of the shares, which is about 79.24 Million shares worth $2.35 Billion.
Blackrock Inc., with 8.16% or 46.31 Million shares worth $1.38 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Oct 30, 2020. The former held 23947980 shares worth $652.82 Million, making up 4.22% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 15.87 Million shares worth around $471.26 Million, which represents about 2.8% of the total shares outstanding.