CANADA LIFE ASSURANCE Co Increases Stake in Invitation Homes Inc. (NYSE:INVH)

CANADA LIFE ASSURANCE Co boosted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,009,979 shares of the company’s stock after purchasing an additional 32,230 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.16% of Invitation Homes worth $32,267,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC lifted its position in 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 acquiring an additional 329 shares during the period. SRS Capital Advisors Inc. raised its position in Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after acquiring an additional 378 shares during the period. Allworth Financial LP boosted its holdings 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 acquiring an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. acquired a new stake in shares of Invitation Homes in the fourth quarter worth $48,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on INVH shares. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and upped their price target for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Barclays reiterated an “overweight” rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Invitation Homes currently has a consensus rating of “Hold” and an average target price of $37.38.

Invitation Homes Trading Up 1.7 %

INVH opened at $33.61 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company’s 50 day simple moving average is $33.02 and its two-hundred day simple moving average is $32.81. The firm has a market capitalization of $20.60 billion, a price-to-earnings ratio of 47.34, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80.

Invitation Homes (NYSE:INVH) last issued its 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 company had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes’s payout ratio is presently 158.90%.

Invitation Homes 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.