Invitation Homes Inc. (NYSE:INVH) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 247.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,290 shares of the company's stock after purchasing an additional 95,591 shares during the period. National Bank of Canada FI's holdings in Invitation Homes were worth $4,649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company's stock valued at $74,000 after buying an additional 1,061 shares during the period. GAMMA Investing LLC bought a new position in Invitation Homes in the 4th quarter worth $79,000. NBC Securities Inc. bought a new position in Invitation Homes in the 3rd quarter worth $86,000. Sentry Investment Management LLC purchased a new stake in shares of Invitation Homes in the 3rd quarter worth about $106,000. Finally, Ninepoint Partners LP bought a new stake in shares of Invitation Homes during the 4th quarter valued at about $109,000. Institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INVH. Mizuho raised their price objective on shares of Invitation Homes from $35.00 to $37.00 and gave the stock a "neutral" rating in a report on Wednesday, March 20th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Invitation Homes in a research report on Thursday, February 15th. BNP Paribas assumed coverage on Invitation Homes in a report on Monday, January 22nd. They issued an "outperform" rating and a $39.00 price objective for the company. Keefe, Bruyette & Woods dropped their target price on shares of Invitation Homes from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Tuesday, February 27th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $36.00 price target on shares of Invitation Homes in a research note on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.19.

Insider Transactions at Invitation Homes

In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of the business's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the sale, the chief operating officer now directly owns 275,296 shares in the company, valued at approximately $9,594,065.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Jonathan S. Olsen sold 10,000 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now directly owns 37,037 shares of the company's stock, valued at approximately $1,287,035.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the transaction, the chief operating officer now owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. Company insiders own 0.28% of the company's stock.

Invitation Homes Stock Down 0.6 %

Shares of Invitation Homes stock traded down $0.20 on Friday, reaching $34.78. The company's stock had a trading volume of 1,841,552 shares, compared to its average volume of 3,206,491. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53. The firm's fifty day simple moving average is $34.62 and its two-hundred day simple moving average is $33.65. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 39.98, a P/E/G ratio of 2.11 and a beta of 0.95.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. The business had revenue of $624.32 million during the quarter, compared to the consensus estimate of $623.51 million. Equities analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.22%. Invitation Homes's payout ratio is 128.74%.

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.