IFM Investors Pty Ltd boosted its position in Invitation Homes Inc. (NYSE:INVH – Get Rating) by 25.5% in the second quarter, HoldingsChannel.com reports. The firm owned 108,699 shares of the company's stock after acquiring an additional 22,060 shares during the period. IFM Investors Pty Ltd's holdings in Invitation Homes were worth $3,868,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new position in Invitation Homes in the fourth quarter worth about $27,000. Benjamin F. Edwards & Company Inc. raised its holdings in Invitation Homes by 526.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 664 shares of the company's stock worth $27,000 after purchasing an additional 558 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Invitation Homes during the first quarter valued at about $30,000. Anson Funds Management LP acquired a new position in shares of Invitation Homes during the first quarter valued at about $42,000. Finally, WASHINGTON TRUST Co acquired a new position in shares of Invitation Homes during the first quarter valued at about $60,000. 95.52% of the stock is currently owned by institutional investors.
Get Invitation Homes alerts:Wall Street Analysts Forecast Growth
INVH has been the topic of several recent analyst reports. Mizuho cut their price objective on shares of Invitation Homes from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, July 6th. Oppenheimer initiated coverage on shares of Invitation Homes in a report on Monday, July 18th. They set a "market perform" rating and a $39.00 price objective on the stock. KeyCorp cut their price objective on shares of Invitation Homes from $46.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, June 28th. Raymond James restated a "strong-buy" rating and set a $44.00 price objective (down previously from $48.00) on shares of Invitation Homes in a report on Thursday, June 23rd. Finally, Jefferies Financial Group cut their price target on shares of Invitation Homes from $44.00 to $41.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Invitation Homes presently has an average rating of "Moderate Buy" and an average price target of $44.29.
Invitation Homes Trading Up 0.1 %
Invitation Homes stock opened at $35.03 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a 12 month low of $33.15 and a 12 month high of $45.80. The stock's 50 day simple moving average is $37.59 and its two-hundred day simple moving average is $38.01. The firm has a market cap of $21.38 billion, a PE ratio of 61.46, a P/E/G ratio of 3.14 and a beta of 0.90.Invitation Homes (NYSE:INVH – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.22). Invitation Homes had a return on equity of 3.66% and a net margin of 16.37%. The company had revenue of $557.30 million during the quarter, compared to analysts' expectations of $548.52 million. Analysts anticipate that Invitation Homes Inc. will post 1.65 earnings per share for the current year.
Invitation Homes Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Tuesday, August 9th were given a $0.22 dividend. The ex-dividend date was Monday, August 8th. This represents a $0.88 annualized dividend and a yield of 2.51%. Invitation Homes's dividend payout ratio is presently 154.39%.
Invitation Homes Company Profile
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Invitation Homes is the nation's premier single-family home leasing 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.
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