Commerzbank Aktiengesellschaft FI Raises Stock Position in Invitation Homes Inc. (NYSE:INVH)

Commerzbank Aktiengesellschaft FI lifted its position in shares of Invitation Homes Inc. (NYSE:INVH) by 9.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,887 shares of the company’s stock after acquiring an additional 928 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Invitation Homes were worth $384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of INVH. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Invitation Homes by 1.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 128,676 shares of the company’s stock worth $4,536,000 after buying an additional 1,625 shares in the last quarter. Whittier Trust Co. raised its position in Invitation Homes by 2.9% during the third quarter. Whittier Trust Co. now owns 310,939 shares of the company’s stock worth $10,960,000 after acquiring an additional 8,843 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Invitation Homes by 27.2% in the third quarter. Raymond James & Associates now owns 248,830 shares of the company’s stock valued at $8,774,000 after purchasing an additional 53,237 shares in the last quarter. Blue Trust Inc. grew its position in shares of Invitation Homes by 299.1% in the third quarter. Blue Trust Inc. now owns 6,182 shares of the company’s stock valued at $222,000 after purchasing an additional 4,633 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of Invitation Homes by 14.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,436 shares of the company’s stock worth $297,000 after purchasing an additional 1,085 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of Invitation Homes stock opened at $34.32 on Friday. The stock has a market capitalization of $21.02 billion, a P/E ratio of 39.45, a PEG ratio of 4.71 and a beta of 1.01. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $35.36 and its 200 day moving average price is $35.14. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). The firm had revenue of $653.45 million during the quarter, compared to analyst estimates of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. As a group, research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.26%. Invitation Homes’s dividend payout ratio (DPR) is 128.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on INVH shares. Evercore ISI upped their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Keefe, Bruyette & Woods reduced their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price for the company. Mizuho decreased their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Invitation Homes 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.