Invitation Homes Inc. (NYSE:INVH) Holdings Raised by Vestcor Inc

Vestcor Inc boosted its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 14.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,031 shares of the company's stock after purchasing an additional 21,335 shares during the quarter. Vestcor Inc's holdings in Invitation Homes were worth $5,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Invitation Homes by 767.8% during 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. lifted its position 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 during the period. Daiwa Securities Group Inc. boosted its stake 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 worth $414,264,000 after buying an additional 997,353 shares during the last quarter. National Bank of Canada FI grew its holdings in Invitation Homes by 214.5% in 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 buying an additional 780,760 shares during the period. Finally, FMR LLC increased its stake in shares of Invitation Homes by 4.2% during 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. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on INVH. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities restated a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Wednesday, March 5th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $37.65.

Invitation Homes Stock Up 0.6 %

INVH traded up $0.20 on Tuesday, reaching $34.01. The company's stock had a trading volume of 3,400,913 shares, compared to its average volume of 3,069,729. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The business's 50 day moving average is $31.86 and its 200 day moving average is $33.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 47.90, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03.

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

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a $0.29 dividend. The ex-dividend date is 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 (DPR) is presently 158.90%.

Invitation Homes 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.