The Manufacturers Life Insurance Company Raises Position in Invitation Homes Inc. (NYSE:INVH)

The Manufacturers Life Insurance Company increased its holdings in Invitation Homes Inc. (NYSE:INVH) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 462,337 shares of the company’s stock after purchasing an additional 25,799 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Invitation Homes were worth $15,770,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Presima Securities ULC purchased a new position in Invitation Homes in the 4th quarter worth $17,679,000. California State Teachers Retirement System raised its position in Invitation Homes by 0.9% in the 4th quarter. California State Teachers Retirement System now owns 958,039 shares of the company’s stock worth $32,679,000 after purchasing an additional 8,964 shares during the period. Bank of Nova Scotia grew its holdings in Invitation Homes by 34.4% in the 4th quarter. Bank of Nova Scotia now owns 73,085 shares of the company’s stock worth $2,493,000 after acquiring an additional 18,704 shares during the last quarter. Qtron Investments LLC bought a new stake in Invitation Homes in the 4th quarter worth $465,000. Finally, Evoke Wealth LLC bought a new stake in Invitation Homes in the 4th quarter worth $5,841,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 0.4 %

NYSE:INVH opened at $35.01 on Monday. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The company’s 50-day simple moving average is $34.56 and its 200 day simple moving average is $34.10. The firm has a market capitalization of $21.45 billion, a P/E ratio of 40.24, a PEG ratio of 2.14 and a beta of 0.99.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. The business had revenue of $646.04 million for the quarter, compared to the consensus estimate of $630.97 million. As a group, analysts forecast that Invitation Homes Inc. will post 1.82 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s payout ratio is currently 128.74%.

Wall Street Analysts Forecast Growth

INVH has been the topic of a number of recent analyst reports. Scotiabank raised their price target on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Citigroup reissued a “neutral” rating and issued a $39.00 price target on shares of Invitation Homes in a report on Friday, March 22nd. Evercore ISI reissued an “in-line” rating and issued a $36.00 price target on shares of Invitation Homes in a report on Monday, March 18th. Mizuho cut their price target on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. Finally, Barclays cut their target price on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.12.

Insider Buying and Selling

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the transaction, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the completion of the transaction, the director now directly owns 28,068 shares of the company’s stock, valued at $970,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the transaction, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The disclosure for this sale can be found here. Insiders have sold 22,200 shares of company stock valued at $770,726 over the last quarter. Corporate insiders own 0.28% of the company’s stock.

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.