IFM Investors Pty Ltd Buys 469 Shares of Invitation Homes Inc. (NYSE:INVH)

IFM Investors Pty Ltd grew its stake in Invitation Homes Inc. (NYSE:INVH) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,917 shares of the company’s stock after purchasing an additional 469 shares during the quarter. IFM Investors Pty Ltd’s holdings in Invitation Homes were worth $9,729,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of INVH. Canada Pension Plan Investment Board raised its position in Invitation Homes by 27.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock valued at $558,611,000 after buying an additional 3,351,424 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Invitation Homes by 109.3% in the first quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock valued at $40,644,000 after purchasing an additional 595,988 shares during the last quarter. Swedbank AB bought a new position in shares of Invitation Homes during the first quarter valued at about $16,368,000. National Bank of Canada FI boosted its holdings in Invitation Homes by 321.5% during the first quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock worth $19,686,000 after purchasing an additional 431,735 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its position in Invitation Homes by 4.7% in the 1st quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after purchasing an additional 384,564 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on INVH. Keefe, Bruyette & Woods dropped their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 30th. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. The Goldman Sachs Group began coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Evercore ISI raised their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Invitation Homes Stock Down 1.1 %

INVH stock opened at $34.32 on Friday. The stock has a 50-day simple moving average of $35.36 and a two-hundred day simple moving average of $35.14. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80. The firm has a market capitalization of $21.02 billion, a PE ratio of 39.45, a PEG ratio of 4.71 and a beta of 1.01. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The firm had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. On average, equities analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.26%. Invitation Homes’s payout ratio is currently 128.74%.

Invitation Homes 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.