Zurcher Kantonalbank Zurich Cantonalbank Has $14.14 Million Position in Invitation Homes Inc. (NYSE:INVH)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Invitation Homes Inc. (NYSE:INVH) by 49.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 442,185 shares of the company’s stock after purchasing an additional 145,836 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Invitation Homes worth $14,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Invitation Homes by 767.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after buying an additional 4,883,564 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after buying an additional 1,089,281 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after buying an additional 997,353 shares during the last quarter. National Bank of Canada FI raised its holdings in Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after buying an additional 780,760 shares during the last quarter. Finally, FMR LLC raised its holdings in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after buying an additional 753,464 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

NYSE INVH opened at $33.10 on Thursday. The company has a fifty day simple moving average of $31.78 and a 200 day simple moving average of $33.34. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. 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 cap of $20.28 billion, a P/E ratio of 46.62, a PEG ratio of 4.70 and a beta of 1.03.

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

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.50%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s payout ratio is currently 158.90%.

Wall Street Analyst Weigh In

Several research firms have issued reports on INVH. Keefe, Bruyette & Woods raised their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. Barclays restated an “overweight” rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes has a consensus rating of “Hold” and an average price target of $37.59.

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.