CI Investments Inc. Acquires 28,412 Shares of Invitation Homes Inc. (NYSE:INVH)


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CI Investments Inc. grew its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,786,631 shares of the company’s stock after purchasing an additional 28,412 shares during the period. CI Investments Inc.’s holdings in Invitation Homes were worth $53,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INVH. Versant Capital Management Inc lifted its position in Invitation Homes by 7,142.9% during the third quarter. Versant Capital Management Inc now owns 1,014 shares of the company’s stock worth $28,000 after purchasing an additional 1,000 shares during the period. NuWave Investment Management LLC bought a new stake in shares of Invitation Homes during the 3rd quarter worth approximately $47,000. Arkadios Wealth Advisors boosted its position in shares of Invitation Homes by 32.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,754 shares of the company’s stock worth $49,000 after acquiring an additional 426 shares in the last quarter. Capital Analysts LLC increased its stake in Invitation Homes by 29.2% in the third quarter. Capital Analysts LLC now owns 2,408 shares of the company’s stock valued at $67,000 after acquiring an additional 544 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Invitation Homes during the third quarter valued at approximately $69,000.

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their target price on Invitation Homes from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 2nd. B. Riley raised their price objective on Invitation Homes from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, February 18th. TheStreet upgraded shares of Invitation Homes from a “c” rating to a “b-” rating in a research note on Tuesday, February 16th. Zacks Investment Research lowered shares of Invitation Homes from a “buy” rating to a “hold” rating in a report on Monday, February 15th. Finally, Smith Barney Citigroup increased their price objective on shares of Invitation Homes from $32.00 to $34.00 in a research note on Tuesday, December 15th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.87.

NYSE INVH opened at $29.50 on Tuesday. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of 89.39, a PEG ratio of 2.92 and a beta of 0.80. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.02. Invitation Homes Inc. has a twelve month low of $15.64 and a twelve month high of $31.50. The stock has a fifty day simple moving average of $29.79 and a 200 day simple moving average of $29.04.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Tuesday, February 16th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. Invitation Homes had a return on equity of 2.15% and a net margin of 9.83%. Research analysts expect that Invitation Homes Inc. will post 1.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 26th. Shareholders of record on Wednesday, February 10th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, February 9th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.13. Invitation Homes’s dividend payout ratio is currently 54.40%.

About Invitation Homes

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.

Further Reading: Stock Symbols and CUSIP Explained

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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