Invitation Homes Inc (NYSE:INVH) shares traded 0.50% higher at $36.04 on Wall Street last session.
INVH stock price is now 0.75% away from the 50-day moving average and 3.89% away from the 200-day moving average. The market capitalization of the company currently stands at $22.08B.
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With the price target reduced from $37 to $36, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for Invitation Homes Inc (NYSE: INVH). On September 04, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $46, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
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 $7.74 million. A total of 0.38% 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 $37.80. According to the stock market information, the enterprise value for the company is $29866137600, which is based on a 80.34 price-to-earnings ratio, a 22.50 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for INVH is $35.774 and a two-hundred day moving average price translates $34.70195 for the stock.
The latest earnings results from Invitation Homes Inc (NYSE: INVH) was released for 2024-06-30. The net profit margin was 10.54% and return on equity was 4.70% for INVH. The company reported revenue of $653.45 million for the quarter, compared to $600.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.84 percent.
