Whittier Trust Co. Increases Position in Invitation Homes Inc. (NYSE:INVH)

Whittier Trust Co. raised its position in shares of Invitation Homes Inc. (NYSE:INVH) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,904 shares of the company’s stock after purchasing an additional 1,965 shares during the period. Whittier Trust Co.’s holdings in Invitation Homes were worth $10,000,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after purchasing an additional 298,307 shares during the last quarter. FMR LLC boosted its stake in Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after buying an additional 753,464 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after buying an additional 997,353 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after acquiring an additional 31,184 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after acquiring an additional 1,089,281 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

INVH stock opened at $34.09 on Friday. The firm has a 50-day moving average of $32.11 and a 200 day moving average of $33.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $20.89 billion, a P/E ratio of 48.02, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. On average, sell-side analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.40%. Invitation Homes’s payout ratio is 158.90%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INVH. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays restated 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. Finally, Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.65.

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.