BofA Securities has recently reduced Invitation Homes Inc (INVH) stock to Neutral rating, as announced on September 24, 2024, according to Finviz. Earlier, on September 9, 2024, RBC Capital Mkts had reduced the stock from a Outperform to Sector Perform, setting a price target of $36 for INVH stock. Goldman also initiated Buy rating with a price target of $46. Additionally, Wells Fargo reduced Equal Weight rating on August 26, 2024, with a target price of $38. Evercore ISI analysts, in their report published on July 26, 2024, also raised rating and set a price target of $37 for Invitation Homes Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Invitation Homes Inc (INVH) Stock Trading Recap
On Monday, Invitation Homes Inc (INVH) stock saw a modest uptick, ending the day at $33.83 which represents a slight increase of $0.13 or 0.39% from the prior close of $33.7. The stock opened at $33.6 and touched a low of $33.6 during the day, reaching a high of $34.19. The volume of shares traded was 2.63 million falling short of the average volume of 3.64 million.
INVH Stock Performance and Moving Averages
In recent trading, Invitation Homes Inc (INVH) stock price has shown some volatility, fluctuating 6.42% over the last five trades and 0.24% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -2.65%, and it has plunged by -4.08% in the previous three months. Currently, INVH is trading at 1.38%, -2.18%, and -2.55% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, INVH, a Real Estate sector stock, is trading -10.50% below its 52-week high but remains 9.09% above its 52-week low. The Average True Range (ATR) (14 days) of 0.74 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Invitation Homes Inc’s Profitability and Valuation Ratios
Invitation Homes Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 27.37% and a profit margin of 10.01%, with a gross margin of -2.65%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Invitation Homes Inc’s market capitalization stands at $20.97 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 83.39, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 45.69. Additionally, the Price-to-Sales Ratio is 8.05, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.09, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.38% of Invitation Homes Inc (INVH)’s shares, while financial institutions hold 101.94%.
Notable insider trades include Barbe, Cohen Jana, Director at Invitation Homes Inc (INVH), who sold 7200 shares on May 24 ’24, at $34.58 each, totaling $0.25 million. On May 09 ’24, Young Charles D., President & COO, sold 60582 shares for $34.75 each, amounting to $2.11 million. Additionally, on May 08 ’24, Young Charles D. sold 5000 shares at $34.85 each, generating $0.17 million.
