In yesterday’s Wall Street session, Invitation Homes Inc (NYSE:INVH) shares traded at $35.97, down -1.43% from the previous session.
INVH stock price is now 1.81% away from the 50-day moving average and 6.03% away from the 200-day moving average. The market capitalization of the company currently stands at $22.03B.
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With the price target enhanced from $35 to $41, Deutsche Bank Upgraded its rating from Hold to Buy for Invitation Homes Inc (NYSE: INVH). On March 22, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $39, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Barbe, Cohen Jana, Director sold 7,200 shares of the company’s stock on May 24 ’24. The stock was sold for $248,976 at an average price of $34.58. Upon completion of the transaction, the Director now directly owns 28,068 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, President & COO Young Charles D. sold 60,582 shares of the business’s stock. A total of $2,105,224 was realized by selling the stock at an average price of $34.75. This leaves the insider owning 214,714 shares of the company worth $7.72 million. A total of 0.36% of the company’s stock is owned by insiders.
During the past 12 months, Invitation Homes Inc has had a low of $28.49 and a high of $36.92. According to the stock market information, the enterprise value for the company is $29805918208, which is based on a 65.59 price-to-earnings ratio, a 5.43 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for INVH is $35.3548 and a two-hundred day moving average price translates $33.94455 for the stock.
The latest earnings results from Invitation Homes Inc (NYSE: INVH) was released for 2024-03-31. The net profit margin was 13.17% and return on equity was 5.31% for INVH. The company reported revenue of $646.04 million for the quarter, compared to $589.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.52 percent.
