Bank of America Corp DE Has $126.69 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Bank of America Corp DE grew its holdings in shares of Invitation Homes Inc. (NYSE:INVHGet Rating) by 51.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,153,074 shares of the company’s stock after buying an additional 1,076,237 shares during the quarter. Bank of America Corp DE’s holdings in Invitation Homes were worth $126,691,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Verition Fund Management LLC grew its holdings in shares of Invitation Homes by 29.3% during the first quarter. Verition Fund Management LLC now owns 24,828 shares of the company’s stock valued at $998,000 after buying an additional 5,625 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Invitation Homes by 20.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,126 shares of the company’s stock valued at $4,259,000 after buying an additional 17,890 shares during the last quarter. Phocas Financial Corp. grew its holdings in shares of Invitation Homes by 3.7% during the first quarter. Phocas Financial Corp. now owns 57,806 shares of the company’s stock valued at $2,323,000 after buying an additional 2,050 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Invitation Homes by 2.3% during the first quarter. Neuberger Berman Group LLC now owns 1,603,350 shares of the company’s stock valued at $64,423,000 after buying an additional 35,435 shares during the last quarter. Finally, Toroso Investments LLC lifted its position in shares of Invitation Homes by 47.5% during the first quarter. Toroso Investments LLC now owns 8,966 shares of the company’s stock valued at $360,000 after purchasing an additional 2,889 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on INVH shares. Credit Suisse Group dropped their price target on shares of Invitation Homes from $47.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 22nd. Oppenheimer started coverage on shares of Invitation Homes in a research report on Monday, July 18th. They set a “market perform” rating and a $39.00 price target on the stock. The Goldman Sachs Group raised their price target on shares of Invitation Homes from $40.50 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. Raymond James reissued a “strong-buy” rating and set a $44.00 price target (down from $48.00) on shares of Invitation Homes in a research report on Thursday, June 23rd. Finally, Jefferies Financial Group dropped their price target on shares of Invitation Homes from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.29.

Invitation Homes Stock Performance

NYSE INVH opened at $35.00 on Friday. The company’s 50 day moving average is $37.61 and its 200-day moving average is $38.05. Invitation Homes Inc. has a 12-month low of $33.15 and a 12-month high of $45.80. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.53. The firm has a market cap of $21.36 billion, a P/E ratio of 61.40, a price-to-earnings-growth ratio of 3.20 and a beta of 0.90.

Invitation Homes (NYSE:INVHGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.22). Invitation Homes had a net margin of 16.37% and a return on equity of 3.66%. The business had revenue of $557.30 million during the quarter, compared to the consensus estimate of $548.52 million. Sell-side analysts predict that Invitation Homes Inc. will post 1.65 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Tuesday, August 9th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Monday, August 8th. Invitation Homes’s dividend payout ratio (DPR) is currently 154.39%.

Invitation Homes Profile

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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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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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