Verition Fund Management LLC lifted its position in shares of Invitation Homes Inc. (NYSE:INVH – Get Rating) by 29.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 24,828 shares of the company’s stock after buying an additional 5,625 shares during the quarter. Verition Fund Management LLC’s holdings in Invitation Homes were worth $998,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Loomis Sayles & Co. L P purchased a new position in shares of Invitation Homes during the fourth quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. increased its position in Invitation Homes by 526.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 664 shares of the company’s stock worth $27,000 after purchasing an additional 558 shares during the last quarter. Riverview Trust Co acquired a new position in Invitation Homes during the first quarter worth approximately $30,000. Anson Funds Management LP acquired a new position in Invitation Homes during the first quarter worth approximately $42,000. Finally, WASHINGTON TRUST Co acquired a new position in Invitation Homes during the first quarter worth approximately $60,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Jefferies Financial Group dropped their price target on shares of Invitation Homes from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Morgan Stanley upped their price target on shares of Invitation Homes from $40.50 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, August 25th. Mizuho dropped their price target on shares of Invitation Homes from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. Evercore ISI dropped their price target on shares of Invitation Homes from $41.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Credit Suisse Group dropped their price objective on shares of Invitation Homes from $47.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, June 22nd. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.29.
Invitation Homes Price Performance
Invitation Homes (NYSE:INVH – Get Rating) last announced its earnings results on Wednesday, July 27th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.22). The firm had revenue of $557.30 million during the quarter, compared to analysts’ expectations of $548.52 million. Invitation Homes had a net margin of 16.37% and a return on equity of 3.66%. Equities research analysts anticipate that Invitation Homes Inc. will post 1.65 earnings per share for the current fiscal year.
Invitation Homes Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Tuesday, August 9th were paid a $0.22 dividend. The ex-dividend date was Monday, August 8th. This represents a $0.88 annualized dividend and a dividend yield of 2.52%. Invitation Homes’s dividend payout ratio (DPR) is presently 154.39%.
About Invitation Homes
Invitation Homes is the nation's premier single-family home leasing 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.
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