Whittier Trust Co. of Nevada Inc. Acquires 1,355 Shares of Invitation Homes Inc. (NYSE:INVH)

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,031 shares of the company’s stock after purchasing an additional 1,355 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Invitation Homes were worth $4,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of INVH. Assetmark Inc. boosted its position in shares of Invitation Homes by 179.5% during the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock worth $117,000 after buying an additional 2,344 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in Invitation Homes in the 3rd quarter valued at approximately $263,000. Charles Schwab Investment Management Inc. lifted its stake in Invitation Homes by 0.5% in the 4th 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 in the last quarter. Swedbank AB boosted its position in Invitation Homes by 25.1% during the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock worth $20,269,000 after acquiring an additional 115,211 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Invitation Homes during the 3rd quarter worth approximately $3,825,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INVH. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Barclays restated an “overweight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. JMP Securities reiterated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Ten 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 currently has an average rating of “Hold” and a consensus price target of $37.65.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $33.89 on Friday. The firm has a 50 day moving average of $32.18 and a 200-day moving average of $33.23. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $20.76 billion, a PE ratio of 47.73, a PEG ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, equities research 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 will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio is presently 158.90%.

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.