Whittier Trust Co. of Nevada Inc. Has $4.16 Million Position in Invitation Homes Inc. (NYSE:INVH)

Whittier Trust Co. of Nevada Inc. increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,031 shares of the company’s stock after buying an additional 1,355 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Invitation Homes were worth $4,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INVH. Lindbrook Capital LLC grew its holdings in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 825 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after buying an additional 378 shares during the period. Allworth Financial LP raised its stake in shares of Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after buying an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. bought a new position in shares of Invitation Homes during the 4th quarter worth about $48,000. 96.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on INVH. Keefe, Bruyette & Woods upped their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Barclays reiterated an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.65.

Invitation Homes Trading Down 0.5 %

INVH opened at $33.89 on Friday. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The stock has a market capitalization of $20.76 billion, a PE ratio of 47.73, a PEG ratio of 4.70 and a beta of 1.03. 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 firm has a 50-day moving average price of $32.18 and a two-hundred day moving average price of $33.23.

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

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) 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.