Toronto Dominion Bank Boosts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Toronto Dominion Bank lifted its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure 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 period. Toronto Dominion Bank owned about 0.05% of Invitation Homes worth $9,794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Virtus ETF Advisers LLC increased its holdings in Invitation Homes by 7.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after acquiring an additional 319 shares during the last quarter. Snowden Capital Advisors LLC lifted its stake in Invitation Homes by 2.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock worth $400,000 after purchasing an additional 319 shares during the last quarter. Lindbrook Capital LLC grew its position in Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after acquiring an additional 329 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Invitation Homes by 58.5% during the fourth 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. Finally, Sheaff Brock Investment Advisors LLC grew its position in Invitation Homes by 1.2% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock worth $1,133,000 after acquiring an additional 408 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Raymond James upped their price target on shares of Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Keefe, Bruyette & Woods increased their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Barclays upped their price target on Invitation Homes from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Scotiabank lifted their price objective on Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Invitation Homes has a consensus rating of "Hold" and a consensus target price of $37.94.

Invitation Homes Stock Up 0.6%

INVH traded up $0.19 during trading on Friday, reaching $33.69. The stock had a trading volume of 6,013,580 shares, compared to its average volume of 3,385,467. 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 capitalization of $20.65 billion, a price-to-earnings ratio of 47.45, a P/E/G ratio of 4.70 and a beta of 0.87. The stock's 50 day moving average is $33.62 and its two-hundred day moving average is $32.90. Invitation Homes Inc. has a one year low of $29.37 and a one year high of $37.80.

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, topping the consensus estimate of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. During the same period last year, the business earned $0.47 EPS. Invitation Homes's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were paid a $0.29 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.44%. Invitation Homes's payout ratio is currently 150.65%.

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.