Cibc World Market Inc. Decreases Holdings in Invitation Homes Inc. (NYSE:INVH)

Cibc World Market Inc. cut its stake in shares of Invitation Homes Inc. (NYSE:INVHGet Rating) by 73.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,115 shares of the company’s stock after selling 34,118 shares during the period. Cibc World Market Inc.’s holdings in Invitation Homes were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in INVH. Comerica Bank raised its stake in Invitation Homes by 6.2% during the 1st quarter. Comerica Bank now owns 24,391 shares of the company’s stock valued at $1,071,000 after buying an additional 1,416 shares during the last quarter. Signaturefd LLC increased its stake in shares of Invitation Homes by 26.1% in the 1st quarter. Signaturefd LLC now owns 4,022 shares of the company’s stock worth $162,000 after purchasing an additional 833 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Invitation Homes by 294.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 29,142 shares of the company’s stock worth $1,171,000 after purchasing an additional 21,757 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Invitation Homes by 5.8% in the 1st quarter. Arizona State Retirement System now owns 166,115 shares of the company’s stock worth $6,675,000 after purchasing an additional 9,159 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Invitation Homes in the 1st quarter worth $546,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 1.1 %

NYSE:INVH opened at $31.58 on Wednesday. Invitation Homes Inc. has a 12 month low of $29.56 and a 12 month high of $45.80. The firm has a fifty day simple moving average of $32.99 and a 200-day simple moving average of $35.53. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $19.31 billion, a P/E ratio of 54.45, a PEG ratio of 2.94 and a beta of 0.84.

Invitation Homes (NYSE:INVHGet Rating) last posted its earnings results on Wednesday, October 26th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.29). Invitation Homes had a net margin of 16.38% and a return on equity of 3.68%. The business had revenue of $568.68 million for the quarter, compared to analyst estimates of $565.73 million. On average, equities research analysts anticipate that Invitation Homes Inc. will post 1.65 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Tuesday, November 8th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, November 7th. This represents a $0.88 dividend on an annualized basis and a yield of 2.79%. Invitation Homes’s payout ratio is presently 151.73%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on INVH. BTIG Research restated a “buy” rating and issued a $38.00 price objective on shares of Invitation Homes in a research note on Tuesday. Morgan Stanley upped their price objective on Invitation Homes from $40.50 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, August 25th. Mizuho reduced their price objective on Invitation Homes from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, October 6th. Oppenheimer reduced their price objective on Invitation Homes to $35.00 in a research note on Friday, November 4th. Finally, Evercore ISI reduced their price objective on Invitation Homes to $38.00 in a research note on Thursday, October 13th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Invitation Homes Profile

(Get Rating)

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.

Featured Articles

Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.