Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp raised its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 11.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 256,170 shares of the company’s stock after buying an additional 25,766 shares during the period. Cibc World Markets Corp’s holdings in Invitation Homes were worth $8,190,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its position in shares of Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after buying an additional 298,307 shares during the last quarter. FMR LLC raised its holdings in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after acquiring an additional 753,464 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after purchasing an additional 997,353 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock worth $210,952,000 after purchasing an additional 31,184 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Up 0.6 %

NYSE INVH opened at $34.01 on Wednesday. The business has a 50 day moving average price of $31.97 and a two-hundred day moving average price of $33.24. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.84 billion, a PE ratio of 47.90, a P/E/G ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. As a group, sell-side analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio is currently 158.90%.

Wall Street Analysts Forecast Growth

INVH has been the topic of a number of research analyst reports. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Barclays reissued an “overweight” rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Keefe, Bruyette & Woods increased their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Invitation Homes presently has a consensus rating of “Hold” and an average target price of $37.65.

Invitation Homes Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.