Northern Trust Corp Boosts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Northern Trust Corp grew its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 27.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,820,769 shares of the company's stock after acquiring an additional 1,463,236 shares during the quarter. Northern Trust Corp owned 1.11% of Invitation Homes worth $218,060,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC grew its holdings in shares of Invitation Homes by 39.0% during the 3rd quarter. Tidal Investments LLC now owns 22,878 shares of the company's stock valued at $807,000 after purchasing an additional 6,419 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock worth $221,709,000 after acquiring an additional 1,089,281 shares during the period. Czech National Bank boosted its position in shares of Invitation Homes by 6.4% during the 4th quarter. Czech National Bank now owns 123,528 shares of the company's stock valued at $3,949,000 after purchasing an additional 7,472 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Invitation Homes by 24.1% during the 4th quarter. Park Avenue Securities LLC now owns 11,352 shares of the company's stock worth $363,000 after buying an additional 2,202 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Invitation Homes by 19.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,756 shares of the company's stock worth $376,000 after acquiring an additional 1,948 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Down 0.1 %

NYSE INVH traded down $0.03 during trading hours on Tuesday, hitting $34.96. 625,740 shares of the company were exchanged, compared to its average volume of 3,315,466. The company has a 50 day moving average of $33.60 and a two-hundred day moving average of $32.81. The firm has a market cap of $21.42 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 4.70 and a beta of 0.87. Invitation Homes Inc. has a 52-week low of $29.37 and a 52-week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

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. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business 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 earned $0.47 EPS. The business's quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.32%. Invitation Homes's payout ratio is 150.65%.

Analysts Set New Price Targets

A number of brokerages have issued reports on INVH. Oppenheimer upped their price objective on shares of Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. The Goldman Sachs Group lifted their price target on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday. 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 report on Thursday, March 13th. Finally, Royal Bank of Canada increased their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $37.59.

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.