Invitation Homes Inc (NYSE: INVH) – Not A Clear Buying Opportunity?

Invitation Homes Inc (INVH) concluded trading on Thursday at a closing price of $33.58, with 3.28 million shares of worth about $110.19 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.67% during that period and on December 05, 2024 the price saw a loss of about -1.06%. Currently the company’s common shares owned by public are about 612.61M shares, out of which, 610.33M shares are available for trading.

Stock saw a price change of -2.98% in past 5 days and over the past one month there was a price change of 4.09%. Year-to-date (YTD), INVH shares are showing a performance of -1.55% which increased to 0.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.01 but also hit the highest price of $37.80 during that period. The average intraday trading volume for Invitation Homes Inc shares is 3.81 million. The stock is currently trading -0.79% below its 20-day simple moving average (SMA20), while that difference is down -0.54% for SMA50 and it goes to -3.52% lower than SMA200.

Invitation Homes Inc (NYSE: INVH) currently have 612.61M outstanding shares and institutions hold larger chunk of about 102.02% of that.

The stock has a current market capitalization of $20.57B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 82.77, while it has posted earnings per share of $0.41 in the same period. Its PEG reads 18.33 while making debt-to-equity ratio of 0.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INVH, volatility over the week remained 1.57% while standing at 1.66% over the month.

Stock’s fiscal year EPS is expected to drop by -20.67% while it is estimated to increase by 14.07% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on September 24, 2024 offering a Neutral rating for the stock and assigned a target price of $37 to it. Coverage by RBC Capital Mkts stated Invitation Homes Inc (INVH) stock as a Sector perform in their note to investors on September 09, 2024, suggesting a price target of $36 for the stock. On September 04, 2024, Goldman Initiated their recommendations, while on August 26, 2024, Wells Fargo Downgrade their ratings for the stock with a price target of $38. Stock get an Outperform rating from Evercore ISI on July 26, 2024.

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