Mackenzie Financial Corp boosted its holdings in Invitation Homes Inc. (NYSE:INVH – Get Rating) by 8.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,360 shares of the company’s stock after purchasing an additional 2,959 shares during the quarter. Mackenzie Financial Corp’s holdings in Invitation Homes were worth $1,294,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of INVH. Swiss National Bank lifted its position in shares of Invitation Homes by 18.0% in the first quarter. Swiss National Bank now owns 2,584,757 shares of the company’s stock worth $103,856,000 after buying an additional 393,700 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Invitation Homes by 162.3% in the first quarter. Bank of Montreal Can now owns 1,025,493 shares of the company’s stock valued at $41,963,000 after purchasing an additional 634,559 shares in the last quarter. Oak Thistle LLC increased its position in Invitation Homes by 138.2% in the first quarter. Oak Thistle LLC now owns 14,061 shares of the company’s stock worth $565,000 after purchasing an additional 8,157 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Invitation Homes by 1.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 288,977 shares of the company’s stock valued at $11,611,000 after purchasing an additional 2,936 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in Invitation Homes by 9.7% during the second quarter. Fifth Third Bancorp now owns 51,330 shares of the company’s stock valued at $1,826,000 after purchasing an additional 4,527 shares in the last quarter. Institutional investors own 95.52% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on INVH shares. Barclays decreased their target price on shares of Invitation Homes from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, October 6th. BTIG Research reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Invitation Homes in a research note on Tuesday. Morgan Stanley boosted their target price on Invitation Homes from $40.50 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, August 25th. JMP Securities dropped their price objective on shares of Invitation Homes from $50.00 to $40.00 and set a “market outperform” rating for the company in a research note on Friday, October 28th. Finally, Jefferies Financial Group lowered their target price on shares of Invitation Homes from $47.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.
Invitation Homes Stock Performance
Invitation Homes (NYSE:INVH – Get Rating) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.29). Invitation Homes had a net margin of 16.38% and a return on equity of 3.68%. The firm had revenue of $568.68 million for the quarter, compared to analysts’ expectations of $565.73 million. As a group, equities analysts predict that Invitation Homes Inc. will post 1.65 EPS for the current year.
Invitation Homes Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Tuesday, November 8th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, November 7th. This represents a $0.88 dividend on an annualized basis and a yield of 2.78%. Invitation Homes’s dividend payout ratio is currently 151.73%.
Invitation Homes Profile
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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