Benjamin F. Edwards & Company Inc. Purchases 494 Shares of Invitation Homes Inc. (NYSE:INVH)

Benjamin F. Edwards & Company Inc. grew its position in shares of Invitation Homes Inc. (NYSE:INVH) by 16.1% in the second quarter, Holdings Channel reports. The fund owned 3,558 shares of the company’s stock after buying an additional 494 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Invitation Homes were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of INVH. Canada Pension Plan Investment Board lifted its position in Invitation Homes by 27.2% during the first quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock valued at $558,611,000 after purchasing an additional 3,351,424 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Invitation Homes by 66.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock worth $185,038,000 after acquiring an additional 2,169,522 shares in the last quarter. First Financial Bankshares Inc bought a new stake in Invitation Homes during the fourth quarter worth approximately $45,104,000. Cohen & Steers Inc. raised its position in Invitation Homes by 1.3% during the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock valued at $2,746,208,000 after purchasing an additional 1,008,392 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Invitation Homes by 109.3% in the 1st quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock valued at $40,644,000 after purchasing an additional 595,988 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Trading Down 0.8 %

NYSE INVH opened at $35.01 on Friday. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market capitalization of $21.44 billion, a price-to-earnings ratio of 40.24, a price-to-earnings-growth ratio of 4.56 and a beta of 1.01. The company’s 50-day simple moving average is $35.81 and its two-hundred day simple moving average is $35.25.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). The business had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. Equities analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be issued a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.20%. Invitation Homes’s dividend payout ratio is presently 128.74%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on INVH shares. Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $37.00 to $38.00 in a report on Monday, August 26th. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 30th. Mizuho dropped their price target on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, June 3rd. JPMorgan Chase & Co. increased their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Royal Bank of Canada lowered Invitation Homes from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $37.00 to $36.00 in a research report on Monday, September 9th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

About Invitation Homes

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.