Royal Bank of Canada Has $26.76 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Royal Bank of Canada raised its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 140.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 837,102 shares of the company's stock after buying an additional 489,367 shares during the period. Royal Bank of Canada owned about 0.14% of Invitation Homes worth $26,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Raiffeisen Bank International AG acquired a new position in Invitation Homes during the 4th quarter worth approximately $178,000. ProShare Advisors LLC lifted its position in Invitation Homes by 3.7% during the 4th quarter. ProShare Advisors LLC now owns 142,385 shares of the company's stock worth $4,552,000 after acquiring an additional 5,125 shares during the period. Mufg Securities Americas Inc. purchased a new position in shares of Invitation Homes in the 4th quarter valued at approximately $269,000. Nomura Holdings Inc. purchased a new stake in shares of Invitation Homes in the fourth quarter valued at about $2,715,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Invitation Homes by 0.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109,180 shares of the company's stock valued at $3,490,000 after purchasing an additional 512 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Up 1.2%

INVH stock traded up $0.40 during midday trading on Tuesday, reaching $33.41. The company had a trading volume of 4,678,479 shares, compared to its average volume of 3,357,619. The company has a 50 day moving average of $33.68 and a two-hundred day moving average of $32.90. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The company has a market capitalization of $20.48 billion, a P/E ratio of 47.05, a PEG ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business's revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. On average, equities research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.47%. Invitation Homes's dividend payout ratio is currently 150.65%.

Wall Street Analyst Weigh In

Several analysts have weighed in on INVH shares. Oppenheimer upped their target price on Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. The Goldman Sachs Group increased their target price on Invitation Homes from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Barclays boosted their price target on Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, May 5th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Invitation Homes has an average rating of "Hold" and a consensus target price of $37.94.

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.