Cibc World Market Inc. Raises Stock Holdings in Invitation Home $INVH

Cibc World Market Inc. grew its stake in shares of Invitation Home (NYSE:INVH) by 57.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,556 shares of the company’s stock after buying an additional 133,390 shares during the period. Cibc World Market Inc. owned 0.06% of Invitation Home worth $10,692,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc raised its position in shares of Invitation Home by 446.4% during the 3rd quarter. CIBC Asset Management Inc now owns 452,675 shares of the company’s stock valued at $13,277,000 after purchasing an additional 369,831 shares during the period. PGGM Investments boosted its holdings in Invitation Home by 13.0% in the 3rd quarter. PGGM Investments now owns 5,672,720 shares of the company’s stock worth $166,381,000 after buying an additional 653,539 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Invitation Home by 5.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,339,473 shares of the company’s stock worth $68,617,000 after buying an additional 128,561 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Invitation Home by 0.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 63,583 shares of the company’s stock valued at $2,084,000 after acquiring an additional 533 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in Invitation Home by 220.2% during the second quarter. Sequoia Financial Advisors LLC now owns 21,966 shares of the company’s stock valued at $720,000 after acquiring an additional 15,106 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INVH. JPMorgan Chase & Co. cut their target price on Invitation Home from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Citigroup restated a “market outperform” rating on shares of Invitation Home in a research note on Wednesday, January 21st. Royal Bank Of Canada reduced their price objective on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Bank of America dropped their target price on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Finally, UBS Group set a $40.00 price target on shares of Invitation Home in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.70.

Invitation Home Price Performance

INVH stock opened at $26.97 on Friday. Invitation Home has a 52 week low of $25.29 and a 52 week high of $35.80. The firm has a market capitalization of $16.53 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 2.92 and a beta of 0.83. The company has a fifty day simple moving average of $26.97 and a two-hundred day simple moving average of $28.43. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42.

Invitation Home Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.5%. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 23rd. Invitation Home’s dividend payout ratio (DPR) is currently 126.32%.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.