GYL Financial Synergies LLC Acquires 1,821 Shares of Invitation Homes Inc. (NYSE:INVH)

GYL Financial Synergies LLC lifted its holdings in Invitation Homes Inc. (NYSE:INVH) by 3.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 52,068 shares of the company’s stock after purchasing an additional 1,821 shares during the period. GYL Financial Synergies LLC’s holdings in Invitation Homes were worth $1,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Invitation Homes in the fourth quarter worth $1,346,883,000. Canada Pension Plan Investment Board increased its holdings 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 worth $558,611,000 after buying an additional 3,351,424 shares during the period. Boston Partners acquired a new position in Invitation Homes in the 4th quarter worth approximately $105,282,000. Goldman Sachs Group Inc. raised its position in Invitation Homes by 66.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock worth $185,038,000 after buying an additional 2,169,522 shares during the last quarter. Finally, First Financial Bankshares Inc acquired a new stake in Invitation Homes during the 4th quarter valued at approximately $45,104,000. 96.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Mizuho dropped their target price on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. Royal Bank of Canada lowered their price objective on Invitation Homes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Finally, Evercore ISI raised shares of Invitation Homes from an “in-line” rating to an “outperform” rating and set a $37.00 price target on the stock in a report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.61.

Invitation Homes Trading Up 0.3 %

Shares of Invitation Homes stock opened at $36.03 on Friday. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $36.92. The firm’s 50-day moving average price is $35.53 and its 200 day moving average price is $34.75. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $22.07 billion, a PE ratio of 41.30, a P/E/G ratio of 4.44 and a beta of 0.99.

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

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Thursday, June 27th. Invitation Homes’s dividend payout ratio (DPR) is 128.74%.

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.