Cibc World Markets Corp Increases Stake in Invitation Homes Inc. (NYSE:INVH)

Cibc World Markets Corp increased its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 11.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,170 shares of the company's stock after acquiring 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 quarter.

Other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Invitation Homes by 767.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company's stock worth $194,621,000 after purchasing an additional 4,883,564 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock worth $221,709,000 after buying an additional 1,089,281 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock valued at $414,264,000 after buying an additional 997,353 shares during the last quarter. National Bank of Canada FI lifted its stake in Invitation Homes by 214.5% during the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company's stock valued at $40,362,000 after acquiring an additional 780,760 shares in the last quarter. Finally, FMR LLC boosted its holdings in Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company's stock worth $663,373,000 after acquiring an additional 753,464 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

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Invitation Homes Price Performance

Shares of INVH traded down $0.16 during mid-day trading on Friday, reaching $33.89. 5,621,926 shares of the stock traded hands, compared to its average volume of 3,072,506. The company has a market cap of $20.76 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The firm has a fifty day moving average price of $32.18 and a 200 day moving average price of $33.23. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. As a group, equities research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 158.90%.

Analysts Set New Price Targets

Several analysts have recently commented on INVH shares. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. JMP Securities restated a "market outperform" rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and reduced their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, Barclays reiterated an "overweight" rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $37.65.

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.