Invitation Homes $INVH Stock: Chicago Partners Investment Group LLC Increases Position

Chicago Partners Investment Group LLC increased its stake in Invitation Homes (NYSE:INVH) by 332.9% in the third quarter, Holdings Channel reports. The firm owned 36,167 shares of the company’s stock after purchasing an additional 27,813 shares during the period. Chicago Partners Investment Group LLC’s holdings in Invitation Homes were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Clearstead Trust LLC purchased a new position in shares of Invitation Homes during the second quarter worth $28,000. Parkside Financial Bank & Trust boosted its holdings in Invitation Homes by 110.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,018 shares of the company’s stock valued at $31,000 after purchasing an additional 535 shares during the last quarter. Raiffeisen Bank International AG lifted its holdings in shares of Invitation Homes by 174.5% in the 2nd quarter. Raiffeisen Bank International AG now owns 1,301 shares of the company’s stock valued at $40,000 after buying an additional 827 shares during the period. IFP Advisors Inc grew its holdings in Invitation Homes by 59.5% during the second quarter. IFP Advisors Inc now owns 1,745 shares of the company’s stock worth $53,000 after acquiring an additional 651 shares during the period. Finally, Essential Partners LLC lifted its holdings in Invitation Homes by 353.7% in the first quarter. Essential Partners LLC now owns 1,883 shares of the company’s stock valued at $47,000 after acquiring an additional 1,468 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on INVH. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $31.00 to $32.00 in a research note on Monday, September 21st. Wells Fargo & Company cut their target price on shares of Invitation Homes from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Keefe, Bruyette & Woods boosted their target price on shares of Invitation Homes from $29.00 to $31.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. UBS Group lowered their target price on shares of Invitation Homes from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Invitation Homes in a research note on Thursday, August 27th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Invitation Homes presently has an average rating of “Hold” and an average target price of $32.00.

Invitation Homes Stock Down 0.4%

Shares of INVH opened at $27.09 on Wednesday. The company’s 50-day moving average price is $27.09 and its 200 day moving average price is $27.79. Invitation Homes has a 12-month low of $24.25 and a 12-month high of $30.89. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.40. The firm has a market cap of $15.61 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 4.24 and a beta of 0.81.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. Invitation Homes had a net margin of 23.54% and a return on equity of 7.62%. The business had revenue of $731.28 million for the quarter, compared to the consensus estimate of $742.55 million. During the same period in the previous year, the firm earned $0.47 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts forecast that Invitation Homes will post 1.90 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 24th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.4%. The ex-dividend date was Thursday, September 24th. Invitation Homes’s dividend payout ratio (DPR) is 105.26%.

Invitation Homes Company Profile

Invitation Homes Inc. (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing for individuals and families, with properties generally located in suburban communities and metropolitan areas. The company’s services include home leasing, property management, resident support, maintenance and renovations. Invitation Homes uses technology and centralized operating systems to market homes, manage lease agreements, collect rent and coordinate property care.