Bank of Montreal Can Increases Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Bank of Montreal Can increased its stake in Invitation Homes Inc. (NYSE:INVH) by 18.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 544,857 shares of the company’s stock after acquiring an additional 83,142 shares during the quarter. Bank of Montreal Can owned approximately 0.09% of Invitation Homes worth $19,566,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in INVH. Cohen & Steers Inc. increased its stake in shares of Invitation Homes by 1.3% during the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after purchasing an additional 1,008,392 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Invitation Homes by 0.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after buying an additional 128,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Invitation Homes by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after acquiring an additional 170,374 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of Invitation Homes by 4.7% in the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock valued at $292,485,000 after acquiring an additional 384,564 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of 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 during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Down 0.0 %

INVH stock opened at $35.00 on Friday. The company’s 50 day moving average price is $35.79 and its 200 day moving average price is $35.25. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 4.56 and a beta of 1.01. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week 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.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The firm had revenue of $653.45 million during 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%. On average, equities research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

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

Analyst Upgrades and Downgrades

INVH has been the topic of a number of research reports. Scotiabank decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. The Goldman Sachs Group began coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective for the company. Evercore ISI boosted their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Mizuho dropped their price target on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, June 3rd. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.00.

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.