Invitation Homes Inc. (NYSE:INVH) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lowered its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 3.2% in the fourth quarter, Holdings Channel reports. The firm owned 187,284 shares of the company’s stock after selling 6,243 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Invitation Homes were worth $5,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of INVH. Norges Bank acquired a new stake in shares of Invitation Homes during the fourth quarter worth about $1,646,794,000. State Street Corp lifted its position in Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after acquiring an additional 298,307 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after purchasing an additional 31,184 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Invitation Homes by 0.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company’s stock worth $178,942,000 after purchasing an additional 44,945 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on INVH. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. Finally, Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Stock Performance

NYSE:INVH opened at $34.50 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $21.14 billion, a P/E ratio of 48.60, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The firm has a 50-day moving average price of $32.58 and a two-hundred day moving average price of $33.09. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. As a group, research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. Invitation Homes’s dividend payout ratio is currently 158.90%.

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.