Presima Securities ULC Purchases 109,300 Shares of Invitation Homes Inc. (NYSE:INVH)

Presima Securities ULC grew its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 20.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 651,900 shares of the company's stock after acquiring an additional 109,300 shares during the period. Invitation Homes comprises about 5.0% of Presima Securities ULC's investment portfolio, making the stock its 6th biggest position. Presima Securities ULC owned about 0.11% of Invitation Homes worth $22,986,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Canada Pension Plan Investment Board increased its holdings in shares of Invitation Homes by 0.8% in the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company's stock worth $567,597,000 after purchasing an additional 128,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company's stock worth $315,671,000 after purchasing an additional 170,374 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Invitation Homes by 4.7% in the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company's stock worth $292,485,000 after purchasing an additional 384,564 shares during the last quarter. PGGM Investments increased its holdings in shares of Invitation Homes by 4.9% in the first quarter. PGGM Investments now owns 4,965,248 shares of the company's stock worth $176,812,000 after purchasing an additional 232,012 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Invitation Homes by 4.3% in the first quarter. Boston Partners now owns 3,218,905 shares of the company's stock worth $114,617,000 after purchasing an additional 132,381 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Down 0.2 %

Shares of INVH stock traded down $0.07 during trading hours on Thursday, reaching $34.17. 2,449,202 shares of the company's stock were exchanged, compared to its average volume of 3,347,139. The stock's 50 day moving average is $35.50 and its 200-day moving average is $35.17. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 4.71 and a beta of 1.01. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.34). The business had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. Analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Thursday, September 26th. Invitation Homes's payout ratio is presently 128.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on INVH shares. Bank of America cut Invitation Homes from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Wells Fargo & Company lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Scotiabank dropped their target price on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating for the company in a research report on Tuesday, September 10th. UBS Group boosted their price target on Invitation Homes from $41.00 to $42.00 and gave the company a "buy" rating in a report on Friday, August 16th. Finally, Evercore ISI boosted their price target on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

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.