Invitation Homes $INVH Stock Holdings Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in Invitation Homes (NYSE:INVH) by 21.8% during the 3rd quarter, Holdings Channel reports. The fund owned 336,873 shares of the company’s stock after acquiring an additional 60,227 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Invitation Homes were worth $8,870,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its position in Invitation Homes by 21.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,866 shares of the company’s stock worth $75,000 after acquiring an additional 498 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Invitation Homes by 110.8% during the 2nd 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 in the last quarter. IFP Advisors Inc raised its position in Invitation Homes by 59.5% in the 2nd quarter. IFP Advisors Inc now owns 1,745 shares of the company’s stock valued at $53,000 after purchasing an additional 651 shares during the last quarter. Capital Square LLC raised its position in Invitation Homes by 2.6% in the 3rd quarter. Capital Square LLC now owns 27,565 shares of the company’s stock valued at $726,000 after purchasing an additional 690 shares during the last quarter. Finally, Raiffeisen Bank International AG raised its position in 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 purchasing an additional 827 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group reduced their price objective on Invitation Homes from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Citigroup restated a “buy” rating on shares of Invitation Homes in a research note on Thursday, August 6th. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $31.00 to $32.00 in a report on Monday, September 21st. BTIG Research set a $32.00 price target on Invitation Homes in a report on Monday, September 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Invitation Homes from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.79.

Invitation Homes Price Performance

Shares of INVH stock opened at $26.64 on Friday. Invitation Homes has a 1 year low of $24.25 and a 1 year 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’s 50 day moving average is $27.00 and its 200-day moving average is $27.79. The firm has a market capitalization of $15.35 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 4.19 and a beta of 0.81.

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

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.20 annualized dividend and a yield of 4.5%. Invitation Homes’s dividend payout ratio is currently 105.26%.

Invitation Homes 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.