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

Cibc World Markets Corp grew its position in shares of Invitation Homes Inc. (NYSE:INVH) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 256,170 shares of the company’s stock after purchasing an additional 25,766 shares during the quarter. Cibc World Markets Corp’s holdings in Invitation Homes were worth $8,190,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arbor Capital Management Inc. ADV grew its stake in Invitation Homes by 2.8% during the 4th quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company’s stock worth $506,000 after buying an additional 442 shares during the last quarter. Catalyst Funds Management Pty Ltd grew its position in shares of Invitation Homes by 1,700.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 25,200 shares of the company’s stock worth $806,000 after acquiring an additional 23,800 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Invitation Homes by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company’s stock valued at $235,000 after acquiring an additional 412 shares during the period. Vestcor Inc raised its position in Invitation Homes by 14.2% in the 4th quarter. Vestcor Inc now owns 172,031 shares of the company’s stock valued at $5,500,000 after purchasing an additional 21,335 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Invitation Homes by 3,772.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,453 shares of the company’s stock worth $142,000 after purchasing an additional 4,338 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on INVH. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Keefe, Bruyette & Woods upped their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays restated an “overweight” rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.65.

Invitation Homes Trading Up 0.6 %

Shares of Invitation Homes stock opened at $34.01 on Wednesday. The company has a 50-day moving average of $31.97 and a two-hundred day moving average of $33.24. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.84 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03.

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

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Thursday, March 27th. 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.