Invitation Homes Inc. (NYSE:INVH) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 577,878 shares of the company’s stock after purchasing an additional 3,761 shares during the period. Bank of Montreal Can’s holdings in Invitation Homes were worth $18,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock worth $2,508,000 after acquiring an additional 61,973 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Invitation Homes by 2.8% in the 3rd quarter. Quantinno Capital Management LP now owns 36,184 shares of the company’s stock valued at $1,276,000 after purchasing an additional 976 shares during the period. Stifel Financial Corp increased its stake in Invitation Homes by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 68,472 shares of the company’s stock worth $2,414,000 after purchasing an additional 5,165 shares in the last quarter. Wellington Management Group LLP raised its holdings in Invitation Homes by 5.9% during the 3rd quarter. Wellington Management Group LLP now owns 51,908 shares of the company’s stock worth $1,830,000 after buying an additional 2,877 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Invitation Homes during the third quarter valued at about $219,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Stock Up 1.4 %

Shares of INVH stock opened at $32.10 on Friday. The company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 45.20, a P/E/G ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The firm has a fifty day moving average of $32.89 and a 200-day moving average of $32.87. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. As a group, equities research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.61%. Invitation Homes’s payout ratio is presently 158.90%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their price target on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Barclays reissued an “overweight” rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Raymond James decreased their price objective on Invitation Homes from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes currently has a consensus rating of “Hold” and an average target price of $37.38.

Invitation Homes Company Profile

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.