In yesterday’s Wall Street session, Invitation Homes Inc (NYSE:INVH) shares traded at $31.41, down -5.48% from the previous session.
INVH stock price is now -10.43% away from the 50-day moving average and -9.58% away from the 200-day moving average. The market capitalization of the company currently stands at $19.24B.
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With the price target maintained at $37, BofA Securities recently Downgraded its rating from Buy to Neutral for Invitation Homes Inc (NYSE: INVH). On September 09, 2024, RBC Capital Mkts Downgraded its previous ‘Outperform’ rating to ‘Sector Perform’ on the stock reducing its target price from $37 to quote $36, while ‘Goldman’ rates the stock as ‘Buy’
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 $0.88 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 $6.74 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 $29.23 and a high of $37.80. According to the stock market information, the enterprise value for the company is $27259228160, which is based on a 70.02 price-to-earnings ratio, a 16.85 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for INVH is $35.0676 and a two-hundred day moving average price translates $34.7371 for the stock.
The latest earnings results from Invitation Homes Inc (NYSE: INVH) was released for 2024-09-30. 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.
