CX Institutional Invests $199,000 in Invitation Homes Inc. (NYSE:INVH)

CX Institutional bought a new position in shares of Invitation Homes Inc. (NYSE:INVH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,710 shares of the company’s stock, valued at approximately $199,000.

A number of other institutional investors have also modified their holdings of INVH. Assetmark Inc. boosted its stake in shares of Invitation Homes by 179.5% during the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock valued at $117,000 after purchasing an additional 2,344 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Invitation Homes by 6.6% during the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company’s stock valued at $9,794,000 after purchasing an additional 19,084 shares in the last quarter. Capital World Investors bought a new position in shares of Invitation Homes during the fourth quarter valued at approximately $4,891,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after purchasing an additional 31,184 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Invitation Homes during the fourth quarter valued at approximately $595,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on INVH shares. Royal Bank of Canada raised their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, May 2nd. The Goldman Sachs Group raised their target price on shares of Invitation Homes from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Barclays raised their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Citigroup upgraded shares of Invitation Homes from a “neutral” rating to a “buy” rating and raised their target price for the company from $35.00 to $38.50 in a research note on Friday, June 6th. Finally, Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and raised their target price for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.97.

Invitation Homes Trading Down 0.6%

Shares of Invitation Homes stock opened at $33.52 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a fifty day moving average price of $33.59 and a 200 day moving average price of $32.85. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The stock has a market cap of $20.55 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 4.70 and a beta of 0.82.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $674.48 million during the quarter, compared to analysts’ expectations of $663.77 million. During the same quarter last year, the company posted $0.47 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.46%. Invitation Homes’s payout ratio is 150.65%.

About Invitation Homes

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.