Cwm LLC raised its position in Invitation Homes Inc. (NYSE:INVH – Get Rating) by 78.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,353 shares of the company’s stock after acquiring an additional 1,035 shares during the period. Cwm LLC’s holdings in Invitation Homes were worth $79,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of INVH. State Street Corp lifted its stake in Invitation Homes by 12.8% in the 1st quarter. State Street Corp now owns 29,070,728 shares of the company’s stock valued at $1,168,062,000 after acquiring an additional 3,310,121 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Invitation Homes by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock worth $3,481,574,000 after purchasing an additional 2,784,696 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Invitation Homes by 398.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,427,558 shares of the company’s stock worth $50,793,000 after purchasing an additional 1,141,178 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Invitation Homes by 51.8% during the 1st quarter. Bank of America Corp DE now owns 3,153,074 shares of the company’s stock worth $126,691,000 after purchasing an additional 1,076,237 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Invitation Homes by 4.4% during the 2nd quarter. FMR LLC now owns 20,757,751 shares of the company’s stock worth $738,560,000 after purchasing an additional 881,365 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on INVH. BTIG Research reiterated a “buy” rating and set a $38.00 price objective on shares of Invitation Homes in a research note on Tuesday, November 22nd. KeyCorp decreased their target price on Invitation Homes from $41.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, December 7th. Scotiabank assumed coverage on Invitation Homes in a report on Tuesday. They set a “sector perform” rating and a $30.00 target price on the stock. Raymond James lowered Invitation Homes from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $44.00 to $35.00 in a report on Tuesday, November 29th. Finally, Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $38.00 to $31.00 in a report on Monday, January 2nd. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Invitation Homes presently has an average rating of “Hold” and a consensus price target of $35.75.
Invitation Homes Stock Performance
Invitation Homes (NYSE:INVH – Get Rating) last released its earnings results on Wednesday, October 26th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.29). The company had revenue of $568.68 million for the quarter, compared to analyst estimates of $565.73 million. Invitation Homes had a return on equity of 3.68% and a net margin of 16.38%. Sell-side analysts expect that Invitation Homes Inc. will post 1.61 EPS for the current fiscal year.
Invitation Homes Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Monday, November 7th. Invitation Homes’s dividend payout ratio (DPR) 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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