Toronto Dominion Bank Has $9.79 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Toronto Dominion Bank boosted its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 306,352 shares of the company's stock after buying an additional 19,084 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Invitation Homes worth $9,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of INVH. Norges Bank acquired a new position in shares of Invitation Homes during the 4th quarter worth approximately $1,646,794,000. JPMorgan Chase & Co. increased its holdings in shares of Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Invitation Homes by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after purchasing an additional 3,870,432 shares during the period. Northern Trust Corp raised its position in shares of Invitation Homes by 27.3% in the fourth quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after purchasing an additional 1,463,236 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Invitation Homes by 110.1% during the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock worth $69,004,000 after buying an additional 1,131,029 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on INVH shares. Mizuho raised 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 report on Thursday, March 13th. Keefe, Bruyette & Woods upped their target price on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday, May 5th. Royal Bank of Canada lifted their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Barclays boosted their price target on Invitation Homes from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Oppenheimer increased their price objective on Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $37.94.

Invitation Homes Price Performance

INVH traded down $0.09 during trading on Monday, hitting $33.01. 2,680,055 shares of the stock traded hands, compared to its average volume of 3,352,315. The business has a 50 day moving average price of $33.69 and a 200 day moving average price of $32.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a market cap of $20.23 billion, a price-to-earnings ratio of 46.50, a PEG ratio of 4.70 and a beta of 0.87.

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

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, March 27th. Invitation Homes's payout ratio is 150.65%.

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.