CANADA LIFE ASSURANCE Co Has $32.27 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

CANADA LIFE ASSURANCE Co increased its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,009,979 shares of the company's stock after acquiring an additional 32,230 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.16% of Invitation Homes worth $32,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cohen & Steers Inc. boosted its position in Invitation Homes by 1.7% during the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares during the period. Norges Bank acquired a new position in shares of Invitation Homes during the fourth quarter valued at $1,646,794,000. Geode Capital Management LLC grew its position in shares of Invitation Homes by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock worth $480,276,000 after acquiring an additional 365,954 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after acquiring an additional 3,870,432 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after acquiring an additional 4,661,213 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Down 0.1 %

Shares of NYSE INVH traded down $0.05 during mid-day trading on Wednesday, hitting $34.00. 3,709,832 shares of the company traded hands, compared to its average volume of 3,171,364. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of 47.89, a PEG ratio of 4.70 and a beta of 0.86. The business has a 50 day moving average of $33.15 and a two-hundred day moving average of $32.78.

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

Invitation Homes Announces Dividend

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

Analyst Ratings Changes

Several research analysts have commented on INVH shares. Raymond James decreased their target price on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods increased their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Jefferies Financial Group downgraded Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Barclays reissued an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Finally, Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $37.38.

About Invitation Homes

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.