Toronto Dominion Bank Purchases 19,084 Shares of Invitation Homes Inc. (NYSE:INVH)

Toronto Dominion Bank lifted its position in Invitation Homes Inc. (NYSE:INVH) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 306,352 shares of the company’s stock after purchasing an additional 19,084 shares during the period. Toronto Dominion Bank owned about 0.05% of Invitation Homes worth $9,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after buying an additional 329 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. purchased a new position in shares of Invitation Homes during the fourth quarter valued at about $48,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Trading Down 0.2%

INVH stock opened at $34.33 on Wednesday. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The stock has a market capitalization of $21.04 billion, a price-to-earnings ratio of 48.35, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $33.72 and its two-hundred day simple moving average is $32.90.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.38%. Invitation Homes’s dividend payout ratio is 150.65%.

Analyst Ratings Changes

INVH has been the topic of a number of research analyst reports. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. The Goldman Sachs Group lifted their price objective on Invitation Homes from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Oppenheimer raised their target price on shares of Invitation Homes from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday, May 5th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.94.

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.